Herc Holdings Inc. (NYSE:HRI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $58.50.

A number of research analysts have recently issued reports on the stock. Bank of America downgraded shares of Herc from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Thursday, September 26th. Buckingham Research set a $70.00 price objective on shares of Herc and gave the stock a “buy” rating in a research report on Friday, August 23rd. ValuEngine downgraded shares of Herc from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th. Goldman Sachs Group raised shares of Herc from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $60.00 in a research report on Friday, September 20th. Finally, Zacks Investment Research downgraded shares of Herc from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Shares of Herc stock traded down $0.40 on Friday, reaching $46.18. The stock had a trading volume of 195,160 shares, compared to its average volume of 233,749. The company has a 50 day moving average price of $45.96 and a 200 day moving average price of $43.16. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.10. Herc has a 1 year low of $24.16 and a 1 year high of $50.81. The stock has a market capitalization of $1.40 billion, a P/E ratio of 27.65, a P/E/G ratio of 0.67 and a beta of 3.39.

Herc (NYSE:HRI) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.31). Herc had a return on equity of 12.70% and a net margin of 2.28%. The firm had revenue of $508.10 million during the quarter, compared to analysts’ expectations of $539.18 million. During the same period in the previous year, the firm earned $1.60 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Herc will post 3.4 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in HRI. Nuveen Asset Management LLC purchased a new stake in Herc during the 2nd quarter worth approximately $22,811,000. Prudential Financial Inc. grew its position in Herc by 680.8% during the 2nd quarter. Prudential Financial Inc. now owns 194,644 shares of the transportation company’s stock worth $8,921,000 after purchasing an additional 169,714 shares during the last quarter. Renaissance Technologies LLC grew its position in Herc by 84.5% during the 2nd quarter. Renaissance Technologies LLC now owns 296,600 shares of the transportation company’s stock worth $13,593,000 after purchasing an additional 135,800 shares during the last quarter. Castleark Management LLC purchased a new stake in Herc during the 2nd quarter worth approximately $5,378,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Herc by 111.2% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 159,182 shares of the transportation company’s stock worth $7,295,000 after purchasing an additional 83,826 shares during the last quarter. 92.25% of the stock is currently owned by institutional investors.

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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