Herc (NYSE:HRI) Given New $180.00 Price Target at The Goldman Sachs Group

Herc (NYSE:HRIGet 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.

Herc (NYSE:HRIGet Rating) last released its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $552.77 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, research analysts anticipate that Herc will post 12.47 earnings per share for the current year.

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.

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