Herc (NYSE:HRI – Get Rating) had its price objective reduced by equities researchers at The Goldman Sachs Group from $205.00 to $180.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 107.76% from the stock’s previous close.
Several other analysts also recently issued reports on the company. KeyCorp decreased their price target on Herc to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, May 18th. StockNews.com assumed coverage on Herc in a research note on Thursday, March 31st. They set a “hold” rating for the company. Robert W. Baird cut their price objective on Herc from $161.00 to $158.00 in a research report on Thursday, April 21st. Finally, Wells Fargo & Company boosted their price objective on Herc from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.17.
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NYSE HRI traded down $0.78 on Thursday, reaching $86.64. The stock had a trading volume of 1,684 shares, compared to its average volume of 254,571. The business has a 50 day moving average price of $118.71 and a 200 day moving average price of $144.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.23. Herc has a 1 year low of $86.68 and a 1 year high of $203.14. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.23 and a beta of 2.63.
Herc (NYSE:HRI – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.01). The company had revenue of $567.30 million for the quarter, compared to the consensus estimate of $552.77 million. Herc had a return on equity of 27.26% and a net margin of 11.42%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. On average, analysts anticipate that Herc will post 12.47 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new position in Herc in the 1st quarter valued at approximately $28,000. Point72 Hong Kong Ltd bought a new stake in Herc during the 3rd quarter worth approximately $38,000. First Quadrant LLC CA bought a new stake in Herc during the 1st quarter worth approximately $38,000. Covestor Ltd bought a new stake in Herc during the 4th quarter worth approximately $41,000. Finally, PNC Financial Services Group Inc. boosted its position in Herc by 90.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock valued at $52,000 after buying an additional 150 shares during the last quarter.
Herc Company Profile (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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