Herc Holdings Inc. (NYSE:HRI) Receives Average Recommendation of “Hold” from Analysts

Herc Holdings Inc. (NYSE:HRI) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $58.50.

Several research analysts recently weighed in on HRI shares. Goldman Sachs Group upgraded Herc from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $60.00 in a research report on Friday, September 20th. ValuEngine cut Herc from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th. Zacks Investment Research cut Herc from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Bank of America cut Herc from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Thursday, September 26th. Finally, Buckingham Research set a $70.00 price target on Herc and gave the company a “buy” rating in a research report on Friday, August 23rd.

Shares of Herc stock traded up $0.18 on Friday, reaching $49.94. 10,436 shares of the stock were exchanged, compared to its average volume of 287,852. The business has a 50 day moving average price of $45.56 and a two-hundred day moving average price of $43.12. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.10. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 0.69 and a beta of 3.39. Herc has a twelve month low of $24.16 and a twelve month high of $50.81.

Herc (NYSE:HRI) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.31). The company had revenue of $508.10 million for the quarter, compared to analysts’ expectations of $539.18 million. Herc had a net margin of 2.28% and a return on equity of 12.70%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. Research analysts forecast that Herc will post 3.4 EPS for the current year.

Several institutional investors have recently bought and sold shares of HRI. Nuveen Asset Management LLC purchased a new stake in shares of Herc in the second quarter valued at approximately $22,811,000. Prudential Financial Inc. increased its position in shares of Herc by 680.8% in the second quarter. Prudential Financial Inc. now owns 194,644 shares of the transportation company’s stock valued at $8,921,000 after buying an additional 169,714 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Herc by 84.5% in the second quarter. Renaissance Technologies LLC now owns 296,600 shares of the transportation company’s stock valued at $13,593,000 after buying an additional 135,800 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of Herc in the second quarter valued at approximately $5,378,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Herc by 111.2% in the second quarter. Jacobs Levy Equity Management Inc. now owns 159,182 shares of the transportation company’s stock valued at $7,295,000 after buying an additional 83,826 shares in the last quarter. Institutional investors and hedge funds own 92.13% 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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