Herc Holdings Inc. (NYSE:HRI) Receives Average Recommendation of “Hold” from Brokerages

Herc Holdings Inc. (NYSE:HRI) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $165.6667.

Several brokerages have weighed in on HRI. JPMorgan Chase & Co. reduced their price objective on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Robert W. Baird reduced their price objective on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Tuesday, April 21st. KeyCorp reduced their price objective on Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, Zacks Research downgraded shares of Herc from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th.

Herc Trading Up 0.0%

Shares of HRI stock opened at $133.62 on Monday. The company has a 50 day moving average of $113.86 and a 200-day moving average of $136.77. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24. Herc has a 12-month low of $88.45 and a 12-month high of $188.35. The firm has a market cap of $4.46 billion, a P/E ratio of -494.90, a PEG ratio of 26.65 and a beta of 1.90.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. Herc’s revenue for the quarter was up 32.3% on a year-over-year basis. Sell-side analysts anticipate that Herc will post 4.82 earnings per share for the current year.

Hedge Funds Weigh In On Herc

Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Herc by 4.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,608 shares of the transportation company’s stock worth $239,000 after purchasing an additional 72 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Herc by 20.3% in the third quarter. AlphaQuest LLC now owns 438 shares of the transportation company’s stock worth $51,000 after purchasing an additional 74 shares in the last quarter. Midwest Financial Group LLC increased its stake in shares of Herc by 3.6% in the fourth quarter. Midwest Financial Group LLC now owns 2,153 shares of the transportation company’s stock worth $319,000 after purchasing an additional 75 shares in the last quarter. Wealthspire Advisors LLC increased its stake in shares of Herc by 2.8% in the fourth quarter. Wealthspire Advisors LLC now owns 2,717 shares of the transportation company’s stock worth $403,000 after purchasing an additional 75 shares in the last quarter. Finally, Cornerstone Investment Partners LLC increased its stake in shares of Herc by 2.3% in the third quarter. Cornerstone Investment Partners LLC now owns 4,310 shares of the transportation company’s stock worth $503,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Company Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.