Hertz Global Holdings

Based out of Estero, FL, Hertz Global Holdings is a car rental company with operations in 160 countries, having 12,000 corporate and franchisee locations with popular brands like the Thrifty Car Rental and Dollar Rent A Car in its portfolio.

The company reported upbeat results for the fourth quarter ended December 31, 2021. Its revenues grew 57.8% year-over-year to $1.95 billion, in line with the consensus estimate. The earnings per share (EPS) for the quarter stood at $0.91 per share, which compares favorably to a loss of $1.20 reported in the same quarter last year. Moreover, the figure comfortably outpaced the consensus estimate of $0.76 per share.

Recently, Tigress Financial analyst Ivan Feinseth initiated coverage on the stock with a Buy rating and a price target of $32, which implies upside potential of 41.3% from current levels.

The analyst opines that the company is well-poised to benefit from macro trends that involve increased adoption of rideshare features with the same likely to rise by over 50% in the next five years. Further, recovery in global travel and demand for personal mobility remain tailwinds for the company. Further, key partnerships with companies like Tesla and Uber bode well for the company.

Overall, the Street is cautiously optimistic about the stock and has a Moderate Buy consensus rating based on four Buys and two Holds. HTZ average price target of $29.17 implies that the stock has upside potential of 28.8% from current levels. Shares have declined 16.1% over the past year.