Herc Holdings Inc. (NYSE:HRI) Receives Average Rating of “Buy” from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $53.50.

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

Shares of HRI traded down $2.12 during mid-day trading on Friday, hitting $40.86. 15,509 shares of the company traded hands, compared to its average volume of 205,755. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50-day moving average price of $41.72. Herc has a 1 year low of $24.16 and a 1 year high of $60.86. The company has a market cap of $1.29 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.46 and a beta of 3.33.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, May 2nd. The transportation company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.05. Herc had a net margin of 3.59% and a return on equity of 12.16%. The firm had revenue of $475.70 million during the quarter, compared to analysts’ expectations of $455.90 million. During the same period in the previous year, the company earned ($0.36) earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts expect that Herc will post 3.21 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc boosted its position in shares of Herc by 115.4% in the first 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 during the period. SG Americas Securities LLC bought a new position in shares of Herc in the first quarter worth approximately $173,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Herc by 359.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,803 shares of the transportation company’s stock worth $203,000 after purchasing an additional 6,106 shares during the period. Sullivan Bruyette Speros & Blaney LLC bought a new position in shares of Herc in the first quarter worth approximately $292,000. Finally, Bank of Montreal Can boosted its position in shares of Herc by 340.4% in the first quarter. Bank of Montreal Can now owns 7,658 shares of the transportation company’s stock worth $299,000 after purchasing an additional 5,919 shares during the period. Institutional investors own 92.74% of the company’s stock.

About Herc

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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