Herc (HRI) Upgraded to Buy by Northcoast Research

Northcoast Research upgraded shares of Herc (NYSE:HRI) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. They currently have $49.00 price target on the transportation company’s stock. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued reports about the stock. Buckingham Research raised shares of Herc from a neutral rating to a buy rating and boosted their price target for the stock from $67.00 to $70.00 in a research note on Friday, July 13th. Zacks Investment Research downgraded shares of Herc from a buy rating to a hold rating in a research note on Tuesday, August 14th. Finally, ValuEngine downgraded shares of Herc from a buy rating to a hold rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Herc has an average rating of Hold and a consensus target price of $63.86.

Shares of NYSE HRI opened at $35.34 on Monday. Herc has a 1-year low of $34.42 and a 1-year high of $72.99. The stock has a market capitalization of $989.08 million, a price-to-earnings ratio of -110.44 and a beta of 2.41. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 4.48.

Herc (NYSE:HRI) last announced its earnings results on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.09). Herc had a return on equity of 3.55% and a net margin of 11.61%. The company had revenue of $485.50 million during the quarter, compared to the consensus estimate of $462.50 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts anticipate that Herc will post 1.36 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Herc during the second quarter worth approximately $118,000. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Herc by 138.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock worth $202,000 after buying an additional 2,081 shares during the last quarter. Natixis bought a new stake in shares of Herc during the second quarter worth approximately $203,000. Sun Life Financial INC bought a new stake in shares of Herc during the second quarter worth approximately $213,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Herc during the first quarter worth approximately $238,000. 94.77% of the stock is owned by institutional investors and hedge funds.

About Herc

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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