Bank of America upgraded shares of Herc (NYSE:HRI) from a neutral rating to a buy rating in a report published on Wednesday, The Fly reports. They currently have $38.00 price target on the transportation company’s stock.
Other equities research analysts also recently issued reports about the company. ValuEngine raised Herc from a sell rating to a hold rating in a report on Monday, June 1st. Goldman Sachs Group decreased their price target on Herc from $60.00 to $35.00 and set a buy rating for the company in a research note on Thursday, March 19th. Zacks Investment Research cut Herc from a buy rating to a hold rating in a research note on Wednesday, June 24th. Royal Bank of Canada restated a buy rating and issued a $30.00 price target on shares of Herc in a research note on Monday, June 29th. Finally, BofA Securities upgraded Herc from a neutral rating to a buy rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $40.67.
NYSE HRI opened at $29.75 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.79. Herc has a twelve month low of $11.81 and a twelve month high of $50.81. The firm has a market capitalization of $866.02 million, a PE ratio of 17.30, a P/E/G ratio of 52.47 and a beta of 3.14. The stock’s 50 day moving average is $29.16 and its 200 day moving average is $32.52.
Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, April 23rd. The transportation company reported $0.04 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $464.48 million. During the same period in the previous year, the company posted ($0.23) earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. On average, research analysts anticipate that Herc will post 0.41 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in shares of Herc by 95.0% in the first quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock worth $3,191,000 after acquiring an additional 39,880 shares during the period. Victory Capital Management Inc. increased its stake in shares of Herc by 17.0% during the 4th quarter. Victory Capital Management Inc. now owns 9,209 shares of the transportation company’s stock worth $451,000 after purchasing an additional 1,341 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Herc during the 4th quarter valued at about $292,000. Schroder Investment Management Group increased its position in shares of Herc by 127.5% during the 4th quarter. Schroder Investment Management Group now owns 47,606 shares of the transportation company’s stock worth $2,330,000 after purchasing an additional 26,680 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in Herc during the fourth quarter worth $65,000. Institutional investors own 93.47% 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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