Zacks Investment Research upgraded shares of Herc (NYSE:HRI) from a hold rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $45.00 target price on the transportation company’s stock.

According to Zacks, “Herc Holdings, Inc. through its subsidiary Herc Rentals Inc. provides equipment rental suppliers primarily in North America. The company is a full-line equipment-rental supplier in commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The equipment rental business is supported by ProSolutions (Tm). Herc Holdings Inc., formerly known as Hertz Global Holdings, Inc., is based in Bonita Springs, United States. “

A number of other equities research analysts also recently issued reports on the stock. Bank of America assumed coverage on shares of Herc in a report on Friday, June 14th. They issued a buy rating and a $50.00 price target on the stock. TheStreet raised shares of Herc from a d+ rating to a c- rating in a report on Friday, June 28th. Finally, ValuEngine raised shares of Herc from a strong sell rating to a sell rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Herc currently has a consensus rating of Buy and a consensus price target of $52.67.

Shares of Herc stock opened at $40.44 on Thursday. Herc has a 12-month low of $24.16 and a 12-month high of $53.65. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.36 and a beta of 3.35. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.89. The company’s 50-day moving average price is $43.28 and its 200-day moving average price is $41.51.

Herc (NYSE:HRI) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). Herc had a return on equity of 13.44% and a net margin of 4.10%. The firm had revenue of $475.10 million during the quarter, compared to analysts’ expectations of $495.39 million. During the same period in the previous year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Herc will post 3.15 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its stake in Herc by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 3,909,016 shares of the transportation company’s stock valued at $152,373,000 after purchasing an additional 16,833 shares in the last quarter. BlackRock Inc. raised its stake in Herc by 4.3% in the second quarter. BlackRock Inc. now owns 1,786,873 shares of the transportation company’s stock valued at $81,893,000 after purchasing an additional 73,074 shares in the last quarter. Gabelli Funds LLC raised its stake in Herc by 1.4% in the first quarter. Gabelli Funds LLC now owns 1,436,915 shares of the transportation company’s stock valued at $56,011,000 after purchasing an additional 19,400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Herc by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,403 shares of the transportation company’s stock valued at $26,936,000 after purchasing an additional 25,536 shares in the last quarter. Finally, Nut Tree Capital Management LP raised its stake in Herc by 7.1% in the second quarter. Nut Tree Capital Management LP now owns 750,000 shares of the transportation company’s stock valued at $34,373,000 after purchasing an additional 50,000 shares in the last quarter. 92.16% of the stock is currently owned by hedge funds and other institutional investors.

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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