Herc (NYSE:HRI – Get Rating) had its target price reduced by The Goldman Sachs Group from $205.00 to $180.00 in a report released on Thursday morning, Stock Target Advisor reports. The Goldman Sachs Group currently has a buy rating on the transportation company’s stock.
Several other research firms have also weighed in on HRI. KeyCorp dropped their price target on Herc to $155.00 and set an overweight rating on the stock in a research report on Wednesday, May 18th. Robert W. Baird dropped their price target on Herc from $161.00 to $158.00 in a research report on Thursday, April 21st. StockNews.com assumed coverage on Herc in a research note on Thursday, March 31st. They set a hold rating for the company. Finally, Wells Fargo & Company lifted their price objective on Herc from $205.00 to $207.00 and gave the company an overweight rating in a research note on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Herc presently has an average rating of Moderate Buy and a consensus target price of $184.17.
NYSE HRI opened at $86.52 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.23. Herc has a twelve month low of $83.43 and a twelve month high of $203.14. The firm has a market capitalization of $2.59 billion, a PE ratio of 10.55, a P/E/G ratio of 0.23 and a beta of 2.63. The stock’s 50 day moving average is $118.71 and its 200 day moving average is $144.62.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 27th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Thursday, May 26th. Herc’s payout ratio is 28.05%.
Several hedge funds have recently bought and sold shares of the company. Exane Derivatives raised its stake in shares of Herc by 2.8% in the fourth quarter. Exane Derivatives now owns 3,351 shares of the transportation company’s stock worth $525,000 after purchasing an additional 92 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Herc by 2.4% in the third quarter. HighTower Advisors LLC now owns 4,233 shares of the transportation company’s stock worth $693,000 after purchasing an additional 98 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Herc by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 1,498 shares of the transportation company’s stock worth $264,000 after purchasing an additional 102 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Herc by 90.9% in the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after purchasing an additional 150 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Herc in the first quarter worth $28,000.
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.
- Get a free copy of the StockNews.com research report on Herc (HRI)
- Ciena Stock Giving Window of Opportunity
- Are These Cheap Copper Stocks Right For Your Portfolio?
- Zai Lab Stock Has Fallen to Value Levels
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.