Herc (NYSE:HRI) PT Lowered to $158.00

Herc (NYSE:HRIGet Rating) had its price objective cut by analysts at Robert W. Baird from $161.00 to $158.00 in a note issued to investors on Thursday, The Fly reports. Robert W. Baird’s price target suggests a potential upside of 19.68% from the stock’s previous close.

HRI has been the subject of several other research reports. KeyCorp dropped their price objective on shares of Herc from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, March 18th. Zacks Investment Research raised shares of Herc from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company began coverage on shares of Herc in a report on Friday, March 11th. They set an “overweight” rating and a $205.00 price objective for the company. StockNews.com started coverage on shares of Herc in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Northcoast Research raised shares of Herc from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Friday, January 21st. Three 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 presently has a consensus rating of “Buy” and a consensus price target of $185.57.

Shares of HRI opened at $132.02 on Thursday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 17.91 and a beta of 2.61. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.08. Herc has a 12 month low of $98.36 and a 12 month high of $203.14. The company has a 50-day moving average price of $153.80 and a two-hundred day moving average price of $164.78.

Herc (NYSE:HRIGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.01). The business 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 26.12% and a net margin of 10.81%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. Equities research analysts expect that Herc will post 12.6 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. acquired a new stake in Herc during the 1st quarter worth $28,000. First Quadrant LLC CA bought a new position in shares of Herc during the first quarter worth $38,000. Point72 Hong Kong Ltd bought a new position in shares of Herc during the third quarter worth $38,000. Covestor Ltd bought a new position in shares of Herc during the fourth quarter worth $41,000. Finally, Pinebridge Investments L.P. bought a new position in shares of Herc during the fourth quarter worth $63,000. 96.33% of the stock is owned by hedge funds and other institutional investors.

About Herc (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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