JP Morgan downgraded Hertz Global from Neutral to Underweight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Neutral → Underweight | JP Morgan | |
| 9/19/2024 | $3.00 | Underweight | Barclays |
| 4/26/2024 | $9.00 → $3.00 | Neutral → Underperform | BofA Securities |
| 4/4/2024 | $8.00 → $7.00 | Neutral → Sell | Goldman |
| 3/19/2024 | $9.00 | Neutral | BofA Securities |
| 2/8/2024 | $15.00 → $10.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/25/2024 | $17.00 → $11.00 | Overweight → Neutral | JP Morgan |
| 1/25/2024 | $16.00 → $9.00 | Buy → Hold | Deutsche Bank |
6 analysts have expressed a variety of opinions on Hertz Global Holdings (NASDAQ:HTZ) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 2 2 2 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 1 2M Ago 0 0 0 1 0 3M Ago 0 0 1 1 1 Analysts have set 12-month price targets for Hertz Global Holdings, revealing an average target of $3.92, a high estimate of $6.00, and a low estimate of $2.50. Experiencing a 41.23% decline, the current
JP Morgan analyst Ryan Brinkman maintains Hertz Global Holdings (NASDAQ:HTZ) with a Neutral and lowers the price target from $7 to $6.
Rental car companies are not as energized as they used to be about electric vehicles (EVs), having found out that they are hard to resell at a decent price. In January, rental car giant Hertz Global Holdings, Inc. (NASDAQ:HTZ) scaled back plans to buy 100,000 EVs after seeing that their resale plummeted much faster than expected, the New York Times reported. A main reason why used EVs lose so much value is because Tesla, Inc. (NASDAQ:TSLA) lowered the prices on new models last year to boost sales, the New York Times reported. This has left many rental car outfits scrambling to resell EVs at deep discounts and apprehensive to start buying more of them. EV manufacturers have sold
ESTERO, Fla., Oct. 21, 2024 /PRNewswire/ -- What: Today, Hertz (NASDAQ:HTZ) announced that it is helping citizens in communities across the nation get to the polls with its Free Day on Election Day promotion. Customers will get one day free* when they reserve a car for at least two days and pick up October 21 through November 5 at participating Hertz neighborhood locations. Why: "Hertz has thousands of locations in communities across the country and we want to make it easier for people to exercise their right to vote by providing greater access to reliable transportation," sa
OKLAHOMA CITY, Oct. 1, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE:SD) today announced changes to the Board and Management that will further position the Company to execute on its strategy. Vincent ("Vince") Intrieri has been appointed by the Board, by recommendation of the Nominating and Governance Committee, as Chairman effective October 1, 2024. Mr. Intrieri is the Founder and CEO of VDA Capital Management LLC, a private investment fund founded in 2017. Mr. Intrieri was previously employed by Carl C. Icahn-related entities in various inv
ESTERO, Fla., Sept. 19, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ:HTZ) – one of the leading global car rental companies – today announced that Lauren Fritts will join the company as Senior Vice President and Chief Communications Officer, effective Sept. 30. In this role, Fritts will report to CEO Gil West and oversee Hertz's global communications functions, with a focus on strengthening the company's brand narrative and strategy, enhancing internal and external communications, driving impact communications, and leading corporate reputation. "Lauren will be a gre
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OKLAHOMA CITY, Oct. 1, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE:SD) today announced changes to the Board and Management that will further position the Company to execute on its strategy. Vincent ("Vince") Intrieri has been appointed by the Board, by recommendation of the Nominating and Governance Committee, as Chairman effective October 1, 2024. Mr. Intrieri is the Founder and CEO of VDA Capital Management LLC, a private investment fund founded in 2017. Mr. Intrieri was previously employed by Carl C. Icahn-related entities in various inv
ESTERO, Fla., Sept. 19, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ:HTZ) – one of the leading global car rental companies – today announced that Lauren Fritts will join the company as Senior Vice President and Chief Communications Officer, effective Sept. 30. In this role, Fritts will report to CEO Gil West and oversee Hertz's global communications functions, with a focus on strengthening the company's brand narrative and strategy, enhancing internal and external communications, driving impact communications, and leading corporate reputation. "Lauren will be a gre
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
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"We're moving quickly with a best-in-class leadership team, a strategy laser-focused on delivering sustainable returns and elevating our operational performance across the business," said Gil West, Hertz CEO. "During the second quarter, we bolstered our liquidity to expedite our cost and revenue improvement initiatives and accelerate our fleet refresh to provide vehicles aligned with customer needs. We are at an exciting inflection point in our path to generate greater value for our customers, employees and shareholders – and I am more confident than ever in our plan, our team and the road ahead." ESTERO, Fla., Aug. 1, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ:HTZ) ("Hertz", "
ESTERO, Fla., July 1, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ:HTZ) (the "Company") announced today that it plans to report its second quarter 2024 financial results at 8:00 a.m. ET on Thursday, August 1, 2024, followed by an earnings call at 9:00 a.m. ET.A live webcast of the call will be available on the Investor Relations page of the Company's website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q2 2024 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will re
"Fleet and direct operating costs weighed on this quarter's performance," said Gil West, Hertz chief executive officer. "We're tackling both issues - getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down. These, along with creating a superior customer experience, will be our focus as we position ourselves to take advantage of strong travel demand in this transition year. We've put the right strategy in place, and I see a clear path for Hertz to generate sustainable and higher earnings for our shareholders." ESTERO, Fla., April 25, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ:HTZ) ("Hertz", "He
JP Morgan downgraded Hertz Global from Neutral to Underweight
Barclays initiated coverage of Hertz Global with a rating of Underweight and set a new price target of $3.00
BofA Securities downgraded Hertz Global from Neutral to Underperform and set a new price target of $3.00 from $9.00 previously