Herc Holdings Inc. (NYSE:HRI)’s stock price hit a new 52-week high on Thursday . The company traded as high as $50.69 and last traded at $50.13, with a volume of 967 shares trading hands. The stock had previously closed at $49.51.
A number of analysts have weighed in on HRI shares. Buckingham Research set a $70.00 price target on Herc and gave the company a “buy” rating in a research report on Friday, August 23rd. Zacks Investment Research cut Herc from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. ValuEngine cut Herc from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th. Goldman Sachs Group upgraded Herc from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $60.00 in a research report on Friday, September 20th. Finally, Bank of America cut Herc from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.00.
The business has a 50-day simple moving average of $45.31 and a two-hundred day simple moving average of $43.01. The stock has a market capitalization of $1.39 billion, a P/E ratio of 29.92, a PEG ratio of 0.74 and a beta of 3.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.10.
Herc (NYSE:HRI) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.31). The company had revenue of $508.10 million during the quarter, compared to the consensus estimate of $539.18 million. Herc had a net margin of 2.28% and a return on equity of 12.70%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. On average, sell-side analysts forecast that Herc Holdings Inc. will post 3.4 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of HRI. First Trust Advisors LP boosted its stake in Herc by 95.0% in the first quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock worth $3,191,000 after purchasing an additional 39,880 shares in the last quarter. Manchester Financial Inc. acquired a new position in shares of Herc during the second quarter valued at $229,000. Boston Advisors LLC acquired a new position in shares of Herc during the second quarter valued at $1,131,000. Aperio Group LLC lifted its stake in shares of Herc by 10.8% during the second quarter. Aperio Group LLC now owns 10,812 shares of the transportation company’s stock valued at $495,000 after acquiring an additional 1,056 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Herc during the second quarter valued at $153,000. 93.00% of the stock is currently owned by institutional investors.
Herc Company Profile (NYSE:HRI)
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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