ValuEngine upgraded shares of Herc (NYSE:HRI) from a sell rating to a hold rating in a research report report published on Monday, February 4th.
Several other brokerages have also issued reports on HRI. Royal Bank of Canada cut their price target on Herc to $60.00 and set an outperform rating on the stock in a report on Friday, November 9th. Barclays set a $60.00 price target on Herc and gave the stock a buy rating in a report on Friday, November 9th. Northcoast Research upgraded Herc from a neutral rating to a buy rating and set a $49.00 target price on the stock in a report on Monday, October 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Herc from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $51.83.
HRI traded up $1.00 on Monday, reaching $45.00. The stock had a trading volume of 473,197 shares, compared to its average volume of 197,095. The stock has a market cap of $1.28 billion, a PE ratio of 26.95 and a beta of 3.00. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 4.22. Herc has a fifty-two week low of $24.16 and a fifty-two week high of $72.99.
Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, February 28th. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Herc had a return on equity of 9.58% and a net margin of 12.99%. On average, equities research analysts expect that Herc will post 2.36 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of HRI. Pearl River Capital LLC purchased a new stake in Herc in the fourth quarter worth $25,000. Tower Research Capital LLC TRC purchased a new stake in Herc in the second quarter worth $118,000. First Mercantile Trust Co. grew its position in shares of Herc by 13.1% in the fourth quarter. First Mercantile Trust Co. now owns 4,975 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 575 shares in the last quarter. Sun Life Financial INC grew its position in shares of Herc by 49.6% in the fourth quarter. Sun Life Financial INC now owns 6,476 shares of the transportation company’s stock valued at $168,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Herc in the fourth quarter valued at $184,000. 95.91% of the stock is owned by institutional investors.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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