Herc (NYSE:HRI – Get Rating) had its price objective cut by equities research analysts at Wells Fargo & Company to $165.00 in a research report issued on Friday, Stock Target Advisor reports. Wells Fargo & Company‘s price target points to a potential upside of 57.61% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Robert W. Baird cut their price target on shares of Herc from $161.00 to $158.00 in a report on Thursday, April 21st. The Goldman Sachs Group cut their price target on shares of Herc from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. KeyCorp cut their price target on shares of Herc from $155.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Finally, StockNews.com initiated coverage on shares of Herc in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Herc has an average rating of “Moderate Buy” and a consensus target price of $173.00.
Herc Trading Up 1.8 %
Shares of HRI opened at $104.69 on Friday. Herc has a twelve month low of $83.43 and a twelve month high of $203.14. The company has a market cap of $3.13 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.34 and a beta of 2.64. 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 company’s fifty day simple moving average is $102.38 and its 200-day simple moving average is $133.69.
Herc (NYSE:HRI – Get Rating) last announced its earnings results on Thursday, July 21st. The transportation company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.15). Herc had a net margin of 11.76% and a return on equity of 29.15%. The firm had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $631.11 million. During the same period in the prior year, the company posted $1.57 EPS. The company’s revenue was up 30.6% compared to the same quarter last year. As a group, analysts expect that Herc will post 11.85 EPS for the current year.
Insiders Place Their Bets
In other Herc news, CFO Mark Irion bought 218 shares of the company’s stock in a transaction on 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 acquisition, the chief financial officer now directly owns 51,714 shares in the company, valued at $6,044,332.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.
Institutional Trading of Herc
A number of institutional investors have recently modified their holdings of HRI. SOA Wealth Advisors LLC. bought a new stake in shares of Herc in the 1st quarter valued at about $28,000. First Quadrant LLC CA bought a new stake in shares of Herc in the 1st quarter valued at about $38,000. Covestor Ltd bought a new stake in shares of Herc in the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of Herc in the 4th quarter valued at about $63,000.
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.
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Source: defenseworld.net
