Jefferies holds Hertz stock rating on weak quarter, demand concerns

Investing.com · 2026-11-06 15:20 UTC

Jefferies holds Hertz stock rating on weak quarter, demand concerns

Investing.com - Jefferies reiterated a Hold rating on Hertz Global (NASDAQ:HTZ) stock with a $2.00 price target. The stock currently trades at $1.64, down 71% over the past year, reflecting mounting operational challenges.

The company reported a weaker quarter than expected as revenue and EBITDA both missed consensus estimates. Lower travel demand than assumed contributed to the shortfall.

Softness in international markets and an elevated cost structure also weighed on results. The company’s liquidity situation remains precarious. With total debt of $20.2 billion and negative levered free cash flow of $1.25 billion over the last twelve months, InvestingPro Tips highlight that Hertz is "quickly burning through cash" and "may have trouble making interest payments on debt." The platform’s Financial Health score rates the company as "WEAK," with 16 additional ProTips available to subscribers.

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