Herc Holdings Inc. (NYSE:HRI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Herc Holdings Inc. (NYSE:HRIGet Rating) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $181.50.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Herc from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. StockNews.com assumed coverage on shares of Herc in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird lowered their price target on shares of Herc from $161.00 to $158.00 in a report on Thursday, April 21st. Zacks Investment Research upgraded shares of Herc from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Finally, KeyCorp lowered their target price on shares of Herc to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, May 18th.

Shares of HRI stock opened at $121.13 on Friday. Herc has a 12 month low of $102.10 and a 12 month high of $203.14. The stock has a market cap of $3.62 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.27 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 company has a 50 day simple moving average of $135.94 and a two-hundred day simple moving average of $153.93.

Herc (NYSE:HRIGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.01). The firm had revenue of $567.30 million during the quarter, compared to the consensus estimate of $552.77 million. Herc had a return on equity of 27.26% and a net margin of 11.42%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, equities analysts forecast that Herc will post 12.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 27th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, May 26th. Herc’s dividend payout ratio is presently 28.05%.

Institutional investors and hedge funds have recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new position in Herc during the 1st quarter worth approximately $28,000. Point72 Hong Kong Ltd purchased a new position in shares of Herc during the 3rd quarter valued at approximately $38,000. First Quadrant LLC CA purchased a new position in shares of Herc during the 1st quarter valued at approximately $38,000. Covestor Ltd purchased a new position in shares of Herc during the 4th quarter valued at approximately $41,000. Finally, PNC Financial Services Group Inc. increased 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 valued at $52,000 after purchasing an additional 150 shares in the last quarter.

About Herc (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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