Herc Holdings Inc. (HRI) Receives Average Rating of “Hold” from Brokerages

Herc Holdings Inc. (NYSE:HRI) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $58.33.

Several brokerages recently commented on HRI. ValuEngine cut shares of Herc from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research cut shares of Herc from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Northcoast Research upgraded shares of Herc from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Monday, October 22nd. They noted that the move was a valuation call. Barclays set a $60.00 target price on shares of Herc and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada dropped their target price on shares of Herc to $60.00 and set an “outperform” rating for the company in a research report on Friday.

NYSE:HRI remained flat at $$38.04 during mid-day trading on Monday. 646,088 shares of the company traded hands, compared to its average volume of 386,025. The stock has a market capitalization of $978.54 million, a PE ratio of -118.88 and a beta of 2.73. Herc has a 12 month low of $30.60 and a 12 month high of $72.99. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 4.48.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, November 8th. The transportation company reported $1.60 EPS for the quarter, beating the consensus estimate of $0.93 by $0.67. The company had revenue of $516.20 million during the quarter, compared to analysts’ expectations of $499.86 million. Herc had a net margin of 11.61% and a return on equity of 3.55%. Herc’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that Herc will post 1.36 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL lifted its position in Herc by 3.4% during the third quarter. Gamco Investors INC. ET AL now owns 3,513,149 shares of the transportation company’s stock valued at $179,873,000 after purchasing an additional 114,502 shares during the last quarter. BlackRock Inc. lifted its position in Herc by 7.0% during the second quarter. BlackRock Inc. now owns 1,671,377 shares of the transportation company’s stock valued at $94,167,000 after purchasing an additional 109,882 shares during the last quarter. Gabelli Funds LLC lifted its position in Herc by 1.2% during the third quarter. Gabelli Funds LLC now owns 1,219,715 shares of the transportation company’s stock valued at $62,449,000 after purchasing an additional 14,780 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Herc by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 986,107 shares of the transportation company’s stock valued at $55,558,000 after purchasing an additional 75,475 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Herc by 77.9% during the second quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock valued at $35,171,000 after purchasing an additional 273,404 shares during the last quarter. Institutional investors and hedge funds own 94.37% 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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