Herc (NYSE:HRI)‘s stock had its “neutral” rating reiterated by analysts at Northcoast Research in a research note issued to investors on Tuesday, December 19th, MarketBeat Ratings reports.
A number of other research firms have also weighed in on HRI. KeyCorp reaffirmed a “buy” rating and set a $68.00 price objective on shares of Herc in a research report on Monday, December 18th. Barclays started coverage on Herc in a report on Tuesday, December 12th. They issued an “overweight” rating and a $70.00 target price for the company. Buckingham Research started coverage on Herc in a report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 target price for the company. Zacks Investment Research raised Herc from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Wednesday, October 4th. Finally, ValuEngine raised Herc from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.67.
Shares of Herc (NYSE HRI) traded up $1.85 during trading hours on Tuesday, hitting $65.62. The stock had a trading volume of 146,400 shares, compared to its average volume of 168,192. Herc has a 12-month low of $33.27 and a 12-month high of $65.93. The company has a market cap of $1,809.21, a price-to-earnings ratio of -27.23 and a beta of 2.64. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.09 and a quick ratio of 1.03.
Herc (NYSE:HRI) last announced its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.23. Herc had a negative return on equity of 6.63% and a negative net margin of 4.08%. The firm had revenue of $457.60 million during the quarter, compared to analyst estimates of $422.31 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. analysts forecast that Herc will post -0.47 earnings per share for the current fiscal year.
In related news, Director Jean K. Holley bought 1,400 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $54.78 per share, for a total transaction of $76,692.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new stake in Herc during the second quarter valued at about $229,000. Schwab Charles Investment Management Inc. raised its holdings in Herc by 142.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 228,309 shares of the transportation company’s stock valued at $8,978,000 after acquiring an additional 134,259 shares during the period. Rhumbline Advisers raised its holdings in Herc by 9.1% during the second quarter. Rhumbline Advisers now owns 29,518 shares of the transportation company’s stock valued at $1,161,000 after acquiring an additional 2,462 shares during the period. Teton Advisors Inc. raised its holdings in Herc by 12.0% during the second quarter. Teton Advisors Inc. now owns 14,000 shares of the transportation company’s stock valued at $550,000 after acquiring an additional 1,500 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Herc by 44.1% during the second quarter. BNP Paribas Arbitrage SA now owns 9,730 shares of the transportation company’s stock valued at $383,000 after acquiring an additional 2,978 shares during the period. Institutional investors own 99.15% of the company’s stock.
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Herc Company Profile
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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