Herc (NYSE:HRI) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.
Several other analysts have also issued reports on HRI. Goldman Sachs Group upgraded shares of Herc from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $60.00 in a research report on Friday, September 20th. Bank of America lowered shares of Herc from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Thursday, September 26th. TheStreet upgraded shares of Herc from a “d+” rating to a “c-” rating in a research report on Friday, June 28th. Zacks Investment Research lowered shares of Herc from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Buckingham Research set a $70.00 target price on shares of Herc and gave the company a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $56.00.
NYSE HRI traded up $2.04 during midday trading on Friday, hitting $44.41. The company had a trading volume of 229,199 shares, compared to its average volume of 228,672. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.89. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 0.36 and a beta of 3.37. The firm has a fifty day simple moving average of $43.66 and a two-hundred day simple moving average of $42.36. Herc has a fifty-two week low of $24.16 and a fifty-two week high of $49.99.
Herc (NYSE:HRI) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). The company had revenue of $475.10 million during the quarter, compared to analyst estimates of $495.39 million. Herc had a return on equity of 13.44% and a net margin of 4.10%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. As a group, equities analysts predict that Herc will post 3.15 earnings per share for the current year.
Several institutional investors have recently modified their holdings of HRI. NumerixS Investment Technologies Inc boosted its position in shares of Herc by 115.4% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 1,500 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Herc by 95.0% during the 1st quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock valued at $3,191,000 after acquiring an additional 39,880 shares in the last quarter. Manchester Financial Inc. acquired a new stake in shares of Herc during the 2nd quarter valued at about $229,000. Boston Advisors LLC acquired a new stake in shares of Herc during the 2nd quarter valued at about $1,131,000. Finally, Aperio Group LLC boosted its position in shares of Herc by 10.8% during the 2nd quarter. Aperio Group LLC now owns 10,812 shares of the transportation company’s stock valued at $495,000 after acquiring an additional 1,056 shares in the last quarter. Institutional investors and hedge funds own 93.44% 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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