Herc Holdings Inc. (NYSE:HRI) Receives $55.86 Consensus Target Price from Brokerages

Herc Holdings Inc. (NYSE:HRI) has earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $53.50.

A number of analysts have weighed in on the company. TheStreet cut The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. Longbow Research assumed coverage on H&E Equipment Services in a research report on Friday, March 29th. They set a “buy” rating and a $34.00 price target on the stock. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Bank of America cut their price target on Micron Technology from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Finally, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

Shares of HRI traded down $0.59 during mid-day trading on Friday, hitting $40.32. The stock had a trading volume of 296,445 shares, compared to its average volume of 219,828. The stock has a market capitalization of $1.17 billion, a P/E ratio of 24.14, a PEG ratio of 0.42 and a beta of 3.33. The company’s fifty day moving average price is $41.93. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.12 and a current ratio of 1.12. Herc has a fifty-two week low of $24.16 and a fifty-two week high of $60.66.

Herc (NYSE:HRI) last posted its quarterly earnings data on Thursday, May 2nd. The transportation company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.05. Herc had a return on equity of 12.16% and a net margin of 3.59%. The company had revenue of $475.70 million for the quarter, compared to the consensus estimate of $455.90 million. During the same quarter in the previous year, the business earned ($0.36) EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Herc will post 3.21 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc lifted its stake in Herc by 115.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock worth $106,000 after purchasing an additional 1,500 shares in the last quarter. SG Americas Securities LLC bought a new stake in Herc in the 1st quarter worth $173,000. Metropolitan Life Insurance Co. NY lifted its position in Herc by 359.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,803 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 6,106 shares during the period. Sullivan Bruyette Speros & Blaney LLC purchased a new position in Herc during the 1st quarter valued at about $292,000. Finally, Bank of Montreal Can lifted its position in Herc by 340.4% during the 1st quarter. Bank of Montreal Can now owns 7,658 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 5,919 shares during the period. Institutional investors own 92.74% 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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