Herc Holdings Inc. (HRI) Receives $55.50 Consensus Target Price from Analysts

Herc Holdings Inc. (NYSE:HRI) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.50.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Herc from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. TheStreet upgraded shares of Herc from a “d+” rating to a “c-” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded shares of Herc from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

HRI opened at $40.20 on Friday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 1.28 and a current ratio of 1.34. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.07 and a beta of 3.06. Herc has a twelve month low of $24.16 and a twelve month high of $71.50.



Herc (NYSE:HRI) last released its earnings results on Thursday, February 28th. The transportation company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.06. Herc had a net margin of 3.50% and a return on equity of 11.89%. As a group, research analysts anticipate that Herc will post 3.1 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in HRI. Pearl River Capital LLC bought a new stake in Herc during the 4th quarter worth approximately $25,000. First Mercantile Trust Co. increased its holdings in Herc by 13.1% during the 4th quarter. First Mercantile Trust Co. now owns 4,975 shares of the transportation company’s stock worth $129,000 after acquiring an additional 575 shares during the period. Sun Life Financial INC increased its holdings in Herc by 49.6% during the 4th quarter. Sun Life Financial INC now owns 6,476 shares of the transportation company’s stock worth $168,000 after acquiring an additional 2,146 shares during the period. Quantamental Technologies LLC bought a new stake in Herc during the 4th quarter worth approximately $184,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Herc by 359.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,803 shares of the transportation company’s stock worth $203,000 after acquiring an additional 6,106 shares during the period. Institutional investors own 96.29% of the company’s stock.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.

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Analyst Recommendations for Herc (NYSE:HRI)

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