{"id":50022,"date":"2024-05-31T12:52:03","date_gmt":"2024-05-31T12:52:03","guid":{"rendered":"https:\/?p=50022"},"modified":"2024-05-31T12:52:03","modified_gmt":"2024-05-31T12:52:03","slug":"hertz-struggles-financially-explores-capital-raising-options","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/hertz-struggles-financially-explores-capital-raising-options\/","title":{"rendered":"Hertz Struggles Financially, Explores Capital Raising Options"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/HTZ\">Hertz Global Holdings (HTZ: NSD)<\/a> is grappling with rising costs and is looking to raise capital through various financing options, according to a Bloomberg report. This move comes as the car rental company strives to improve its financial health and liquidity.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Failed Electric Vehicle Bet Weighs Heavy:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Hertz&#8217;s recent woes can partly be attributed to its unsuccessful foray into the electric vehicle (EV) market. The company&#8217;s heavy investment in Tesla&#8217;s backfired, leading to significant losses. To rectify this, Hertz is now shifting its focus back to gasoline-powered vehicles.<\/span><\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/HTZ\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-50024\" src=\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2024\/05\/sta-stock-valuation-widget-2.png\" alt=\"HTZ-widget\" width=\"717\" height=\"932\" srcset=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/05\/sta-stock-valuation-widget-2.png 717w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/05\/sta-stock-valuation-widget-2-231x300.png 231w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/05\/sta-stock-valuation-widget-2-115x150.png 115w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/a><\/p>\n<h2><strong>Debt Burden and Analyst Outlook:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Hertz is currently carrying a hefty net corporate debt of $3.25 billion, exceeding its long-term leverage target. This financial strain, coupled with weak earnings, prompted Moody&#8217;s Ratings to downgrade its outlook on Hertz to negative from stable. Analyst sentiment also remains bearish, with a &#8220;Moderate Sell&#8221; consensus rating and a price target suggesting limited upside potential for HTZ stock.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Bottom Line:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">It&#8217;s unclear whether Hertz will pursue issuing new equity, taking on more debt, or a combination of both. However, one thing is certain: the company needs a financial boost to navigate these challenging times and stay afloat.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hertz Global Holdings (HTZ: NSD) is grappling with rising costs and is looking to raise capital through various financing options, according to a Bloomberg report&#8230;.<\/p>\n","protected":false},"author":17,"featured_media":9424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hertz Struggles Financially, Explores Capital Raising Options | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/hertz-struggles-financially-explores-capital-raising-options\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hertz Struggles Financially, Explores Capital Raising Options\" \/>\n<meta property=\"og:description\" content=\"Hertz Global Holdings (HTZ: NSD) is grappling with rising costs and is looking to raise capital through various financing options, according to a Bloomberg report....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/hertz-struggles-financially-explores-capital-raising-options\/\" \/>\n<meta property=\"og:site_name\" content=\"Stock Target Advisor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-31T12:52:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2022\/01\/hertz-rental-fleet-1635167972.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2700\" \/>\n\t<meta property=\"og:image:height\" content=\"1800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muzzammil Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/Muzzammil625\" \/>\n<meta name=\"twitter:site\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muzzammil Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/hertz-struggles-financially-explores-capital-raising-options\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/hertz-struggles-financially-explores-capital-raising-options\/\"},\"author\":{\"name\":\"Muzzammil Ahmad\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8\"},\"headline\":\"Hertz Struggles Financially, Explores Capital Raising Options\",\"datePublished\":\"2024-05-31T12:52:03+00:00\",\"dateModified\":\"2024-05-31T12:52:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/hertz-struggles-financially-explores-capital-raising-options\/\"},\"wordCount\":199,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"articleSection\":[\"Market News &amp; 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