ValuEngine upgraded shares of Herc (NYSE:HRI) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.
HRI has been the subject of a number of other reports. TheStreet upgraded Herc from a d+ rating to a c- rating in a research report on Friday, June 28th. Zacks Investment Research upgraded Herc from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Tuesday, July 9th. Finally, Bank of America initiated coverage on Herc in a research report on Friday, June 14th. They issued a buy rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $53.50.
Shares of NYSE HRI traded down $1.59 during midday trading on Thursday, reaching $41.12. 8,651 shares of the stock traded hands, compared to its average volume of 236,196. The company has a market capitalization of $1.22 billion, a PE ratio of 24.70, a PEG ratio of 0.43 and a beta of 3.35. The stock has a 50 day moving average of $43.66. Herc has a one year low of $24.16 and a one year high of $57.05. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.02.
Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $475.10 million during the quarter, compared to the consensus estimate of $495.39 million. Herc had a return on equity of 13.56% and a net margin of 4.10%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities research analysts forecast that Herc will post 3.45 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Manchester Financial Inc. bought a new stake in shares of Herc during the second quarter worth $229,000. Deutsche Bank AG increased its stake in shares of Herc by 206.6% during the fourth quarter. Deutsche Bank AG now owns 234,318 shares of the transportation company’s stock valued at $6,089,000 after buying an additional 157,882 shares during the period. Impala Asset Management LLC purchased a new position in shares of Herc during the first quarter valued at $6,760,000. Norges Bank purchased a new position in shares of Herc during the fourth quarter valued at $8,291,000. Finally, Sullivan Bruyette Speros & Blaney LLC purchased a new position in shares of Herc during the first quarter valued at $292,000. Institutional investors and hedge funds own 92.38% of the company’s stock.
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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