Herc Holdings Inc. (NYSE:HRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Herc Holdings Inc. (NYSE:HRI) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $183.00.

A number of research analysts have issued reports on HRI shares. BNP Paribas Exane raised their price target on shares of Herc from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Zacks Research raised shares of Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Weiss Ratings raised Herc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. KeyCorp raised their price target on shares of Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Herc from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in Herc during the second quarter worth about $86,054,000. Handelsbanken Fonder AB increased its position in shares of Herc by 38.2% in the second quarter. Handelsbanken Fonder AB now owns 10,850 shares of the transportation company’s stock valued at $1,555,000 after buying an additional 3,000 shares in the last quarter. NewEdge Advisors LLC raised its position in Herc by 61.4% during the first quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock worth $69,000 after acquiring an additional 264 shares during the period. Argent Capital Management LLC raised its position in shares of Herc by 55.9% during the 1st quarter. Argent Capital Management LLC now owns 10,286 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 3,688 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Herc by 147.8% during the first quarter. Bank of America Corp DE now owns 235,320 shares of the transportation company’s stock valued at $23,426,000 after acquiring an additional 140,355 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

Shares of HRI stock opened at $166.74 on Wednesday. Herc has a fifty-two week low of $88.45 and a fifty-two week high of $188.35. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 113.43, a PEG ratio of 24.09 and a beta of 1.86. The stock’s 50-day simple moving average is $152.67 and its 200-day simple moving average is $137.38.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.76 by $0.67. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. Herc had a net margin of 1.01% and a return on equity of 10.33%. Herc’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. As a group, equities analysts forecast that Herc will post 6.93 earnings per share for the current fiscal year.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.