Herc (NYSE:HRI – Get Rating) had its price target cut by analysts at Wells Fargo & Company to $165.00 in a research note issued on Friday, Stock Target Advisor reports. Wells Fargo & Company‘s price objective indicates a potential upside of 57.61% from the stock’s current price.
Several other research firms also recently issued reports on HRI. Robert W. Baird dropped their price objective on shares of Herc from $161.00 to $158.00 in a report on Thursday, April 21st. The Goldman Sachs Group decreased their target price on shares of Herc from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. KeyCorp decreased their target price on shares of Herc from $155.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Finally, StockNews.com assumed coverage on shares of Herc in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.
Herc Stock Performance
Ad Investing Daily
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
HRI traded up $1.84 during trading on Friday, hitting $104.69. The stock had a trading volume of 370,162 shares, compared to its average volume of 290,380. The company has a 50 day simple moving average of $102.52 and a 200-day simple moving average of $134.27. Herc has a 12 month low of $83.43 and a 12 month high of $203.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.23. The firm has a market cap of $3.13 billion, a PE ratio of 12.77, a P/E/G ratio of 0.34 and a beta of 2.64.
Herc (NYSE:HRI – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The transportation company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.15). Herc had a return on equity of 27.26% and a net margin of 11.42%. The company had revenue of $640.40 million for the quarter, compared to the consensus estimate of $631.11 million. During the same quarter in the previous year, the firm posted $1.57 EPS. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. Analysts expect that Herc will post 11.85 EPS for the current year.
Insider Transactions at Herc
In related news, CFO Mark Irion bought 218 shares of Herc stock in a transaction dated Friday, June 10th. The shares were bought at an average cost of $116.88 per share, for a total transaction of $25,479.84. Following the completion of the transaction, the chief financial officer now owns 51,714 shares of the company’s stock, valued at $6,044,332.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Herc
Institutional investors and hedge funds have recently modified their holdings of the business. Dupont Capital Management Corp raised its stake in shares of Herc by 6.7% during the fourth quarter. Dupont Capital Management Corp now owns 12,667 shares of the transportation company’s stock worth $1,983,000 after buying an additional 791 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of Herc during the fourth quarter worth approximately $355,000. Invesco Ltd. increased its stake in Herc by 8.2% in the fourth quarter. Invesco Ltd. now owns 867,629 shares of the transportation company’s stock valued at $135,827,000 after purchasing an additional 66,064 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Herc by 27.9% in the fourth quarter. Russell Investments Group Ltd. now owns 22,729 shares of the transportation company’s stock valued at $3,547,000 after purchasing an additional 4,956 shares in the last quarter. Finally, EAM Global Investors LLC increased its stake in Herc by 1.0% in the fourth quarter. EAM Global Investors LLC now owns 23,997 shares of the transportation company’s stock valued at $3,757,000 after purchasing an additional 247 shares in the last quarter.
About Herc
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1,000 in Herc right now?
Before you consider Herc, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Herc wasn’t on the list.
While Herc currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
