Herc (NYSE:HRI)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued to investors on Monday, AnalystRatings.com reports. They currently have a $30.00 price target on the transportation company’s stock. Royal Bank of Canada’s target price points to a potential downside of 1.41% from the stock’s current price.
Several other research firms have also commented on HRI. Zacks Investment Research lowered Herc from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Robert W. Baird began coverage on Herc in a research note on Monday, June 8th. They set an “outperform” rating and a $40.00 price objective for the company. ValuEngine upgraded Herc from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Goldman Sachs Group cut their price objective on Herc from $60.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.00.
NYSE HRI opened at $30.43 on Monday. The stock has a market capitalization of $872.14 million, a price-to-earnings ratio of 17.69, a PEG ratio of 45.99 and a beta of 3.14. Herc has a twelve month low of $11.81 and a twelve month high of $50.81. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.79. The stock has a 50-day moving average of $27.79 and a 200 day moving average of $33.25.
Herc (NYSE:HRI) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.31. Herc had a return on equity of 15.22% and a net margin of 2.58%. The company had revenue of $436.20 million during the quarter, compared to analyst estimates of $464.48 million. During the same period in the previous year, the business earned ($0.23) EPS. Herc’s quarterly revenue was down 8.3% on a year-over-year basis. Equities analysts predict that Herc will post 0.46 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Herc by 18.0% in the first quarter. Royal Bank of Canada now owns 56,487 shares of the transportation company’s stock valued at $1,156,000 after purchasing an additional 8,598 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in Herc in the first quarter worth approximately $30,000. Squarepoint Ops LLC grew its position in Herc by 8.8% in the first quarter. Squarepoint Ops LLC now owns 72,023 shares of the transportation company’s stock worth $1,474,000 after acquiring an additional 5,834 shares during the period. Invesco Ltd. grew its position in Herc by 29.8% in the first quarter. Invesco Ltd. now owns 126,576 shares of the transportation company’s stock worth $2,590,000 after acquiring an additional 29,040 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in Herc by 4.1% in the first quarter. Loomis Sayles & Co. L P now owns 223,910 shares of the transportation company’s stock worth $4,581,000 after acquiring an additional 8,873 shares during the period. Institutional investors and hedge funds own 93.47% 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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