Herc (NYSE:HRI) Stock Rating Upgraded by Wall Street Zen

Herc (NYSE:HRI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

HRI has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. Robert W. Baird set a $200.00 price target on Herc in a research report on Wednesday. Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Citigroup raised their price target on Herc from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.20.

Herc Price Performance

NYSE HRI opened at $141.88 on Friday. Herc has a fifty-two week low of $96.18 and a fifty-two week high of $246.88. The stock’s 50-day moving average is $128.17 and its two-hundred day moving average is $126.01. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.22 and a quick ratio of 1.15. The firm has a market cap of $4.72 billion, a P/E ratio of -56.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.81.

Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. The company had revenue of $745.00 million for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. On average, analysts anticipate that Herc will post 12.84 earnings per share for the current fiscal year.

Institutional Trading of Herc

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in shares of Herc by 53.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after buying an additional 86 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Herc in the 2nd quarter valued at $36,000. Larson Financial Group LLC increased its position in shares of Herc by 1,831.3% in the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock valued at $41,000 after buying an additional 293 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Herc in the 2nd quarter valued at $45,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Herc in the 2nd quarter valued at $47,000. Institutional investors own 93.11% of the company’s stock.

Herc Company Profile

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.