Hertz Global Holdings, Inc. - Value Alert
Texas (August 28, 2013) Wax Ink has issued a No Investment Interest opinion for Hertz Global Holdings, Inc. (NYSE: HTZ) based on a recent baseline equity review which placed fair value between $39-$45.
The recent close of $24.30 is approximately 5% above the fair value buy target for the stock and approximately 49% below the fair value close target for the stock. The recent close is also 20% below analysts’ twelve-month $30.50 median price target for the stock.
The recent close represents a 71% increase in the year over year price of the stock, while for the same period sales increased 9%, earnings increased 11%, and debt decreased 35%.
The stock currently has a trailing twelve-month PE Ratio of 4, and a PEG Ratio of 0.1 basis estimated forward earnings growth of 35%.
In the past 52 weeks, share prices have moved between a high of $27.76 and a low of $12.97, placing equilibrium at $23.35.
Basis the recent close, the stock is trading 14% below the 52 week high, 47% above the 52 week low, and 4% above equilibrium.
The three-month average daily trading volume for the stock is approximately 6.5 million shares.
Hertz Global Holdings, Inc. through its subsidiaries, engages in the car and equipment rental businesses worldwide. The company's listed competitors include Avis Budget Group, Inc., EAN Holdings, LLCand United Rentals, Inc..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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