Herc Holdings Inc. (NYSE:HRI) has received a consensus rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $57.57.
A number of research analysts have issued reports on the stock. Buckingham Research set a $70.00 target price on shares of Herc and gave the company a “buy” rating in a report on Friday, August 23rd. ValuEngine lowered shares of Herc from a “sell” rating to a “strong sell” rating in a report on Friday, October 11th. Goldman Sachs Group upgraded shares of Herc from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $60.00 in a report on Friday, September 20th. Bank of America lowered shares of Herc from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Thursday, September 26th. Finally, TheStreet raised shares of Herc from a “d+” rating to a “c-” rating in a research note on Friday, June 28th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in Herc by 95.0% in the first quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock worth $3,191,000 after acquiring an additional 39,880 shares during the last quarter. Manchester Financial Inc. acquired a new stake in Herc during the second quarter worth approximately $229,000. Boston Advisors LLC acquired a new stake in Herc during the second quarter worth approximately $1,131,000. Aperio Group LLC raised its holdings in Herc by 10.8% during the second quarter. Aperio Group LLC now owns 10,812 shares of the transportation company’s stock worth $495,000 after purchasing an additional 1,056 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Herc during the second quarter worth approximately $153,000. 93.42% of the stock is owned by institutional investors.
Herc (NYSE:HRI) last released its earnings results on Thursday, August 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.04). The firm had revenue of $475.10 million during the quarter, compared to analysts’ expectations of $495.39 million. Herc had a net margin of 4.10% and a return on equity of 13.44%. Herc’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) earnings per share. As a group, research analysts forecast that Herc will post 3.15 earnings per share for the current fiscal year.
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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