ValuEngine lowered shares of Herc (NYSE:HRI) from a sell rating to a strong sell rating in a report released on Thursday, ValuEngine reports.

Several other research firms have also issued reports on HRI. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. Longbow Research started coverage on H&E Equipment Services in a research report on Friday, March 29th. They set a buy rating and a $34.00 price target on the stock. TheStreet lowered The Providence Service from a b- rating to a c+ rating in a research report on Friday, June 28th. Finally, Bank of America reduced their price target on Micron Technology from $50.00 to $43.00 and set a buy rating on the stock in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $53.50.

Shares of NYSE HRI opened at $45.20 on Thursday. The stock has a market cap of $1.30 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 0.46 and a beta of 3.33. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.02. Herc has a 1-year low of $24.16 and a 1-year high of $61.01. The firm’s 50-day moving average price is $40.92.

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

A number of institutional investors and hedge funds have recently bought and sold shares of HRI. Philadelphia Financial Management of San Francisco LLC bought a new position in Herc during the 4th quarter worth approximately $11,945,000. Norges Bank bought a new stake in shares of Herc in the 4th quarter worth approximately $8,291,000. Millennium Management LLC grew its position in shares of Herc by 190.9% in the 4th quarter. Millennium Management LLC now owns 293,912 shares of the transportation company’s stock worth $7,639,000 after buying an additional 192,891 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Herc by 209.6% in the 4th quarter. Two Sigma Investments LP now owns 276,318 shares of the transportation company’s stock worth $7,182,000 after buying an additional 187,069 shares during the last quarter. Finally, Impala Asset Management LLC bought a new stake in shares of Herc in the 1st quarter worth approximately $6,760,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

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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Analyst Recommendations for Herc (NYSE:HRI)

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