Several other brokerages also recently weighed in on HRI. Zacks Investment Research upgraded shares of Herc Holdings from a strong sell rating to a hold rating in a research report on Tuesday, March 14th. Barclays PLC reiterated a hold rating and issued a $46.00 price objective on shares of Herc Holdings in a research report on Friday, March 3rd. Jefferies Group LLC reiterated a hold rating and issued a $44.00 price objective on shares of Herc Holdings in a research report on Thursday, April 13th. Northcoast Research upgraded shares of Herc Holdings from a neutral rating to a buy rating in a research report on Thursday, April 6th. Finally, KeyCorp upgraded shares of Herc Holdings from a sector weight rating to an overweight rating and set a $60.00 price target on the stock in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $48.83.
Shares of Herc Holdings (NYSE:HRI) traded up 2.71% during trading on Thursday, hitting $35.96. 351,389 shares of the company traded hands. Herc Holdings has a one year low of $25.05 and a one year high of $531.30. The firm has a 50 day moving average price of $45.75 and a 200-day moving average price of $43.96. The stock’s market cap is $1.02 billion.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, May 9th. The transportation company reported ($1.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by $0.78. The firm had revenue of $389.40 million during the quarter, compared to the consensus estimate of $366.74 million. Herc Holdings had a net margin of 0.25% and a negative return on equity of 1.81%. The company’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Herc Holdings will post ($0.62) EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in HRI. Segantii Capital Management Ltd bought a new stake in Herc Holdings during the first quarter worth approximately $154,000. Utah Retirement Systems bought a new stake in Herc Holdings during the first quarter worth approximately $214,000. Quinn Opportunity Partners LLC bought a new stake in Herc Holdings during the fourth quarter worth approximately $216,000. Private Advisor Group LLC bought a new stake in Herc Holdings during the fourth quarter worth approximately $219,000. Finally, Princeton Alpha Management LP bought a new stake in Herc Holdings during the first quarter worth approximately $226,000. Institutional investors own 96.57% of the company’s stock.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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