KeyCorp Cuts Herc (NYSE:HRI) Price Target to $155.00

Herc (NYSE:HRIGet Rating) had its price objective reduced by research analysts at KeyCorp to $155.00 in a report issued on Wednesday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s price objective indicates a potential upside of 39.73% from the stock’s current price.

HRI has been the topic of a number of other research reports. Northcoast Research raised Herc from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Friday, January 21st. Zacks Investment Research raised Herc from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Robert W. Baird lowered their price target on Herc from $161.00 to $158.00 in a research report on Thursday, April 21st. StockNews.com began coverage on Herc in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Company boosted their price target on Herc from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $179.14.

Shares of NYSE HRI traded down $1.60 during mid-day trading on Wednesday, reaching $110.93. 1,953 shares of the company’s stock were exchanged, compared to its average volume of 315,164. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.29 and a beta of 2.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.23. The business has a fifty day simple moving average of $143.17 and a 200 day simple moving average of $158.21. Herc has a twelve month low of $99.35 and a twelve month high of $203.14.

Herc (NYSE:HRIGet Rating) last announced its earnings results on Thursday, April 21st. The transportation company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.01). Herc had a net margin of 11.42% and a return on equity of 27.26%. The firm had revenue of $567.30 million during the quarter, compared to analyst estimates of $552.77 million. During the same period in the prior year, the business posted $1.10 EPS. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities research analysts predict that Herc will post 12.05 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HRI. SOA Wealth Advisors LLC. acquired a new position in Herc in the 1st quarter valued at $28,000. First Quadrant LLC CA acquired a new position in Herc in the 1st quarter valued at $38,000. Point72 Hong Kong Ltd acquired a new position in Herc in the 3rd quarter valued at $38,000. Covestor Ltd acquired a new position in shares of Herc during the 4th quarter worth $41,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Herc by 90.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after buying an additional 150 shares in the last quarter.

Herc Company Profile (Get Rating)

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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