Herc's (HRI) "Buy" Rating Reiterated at Citigroup

Herc (NYSE:HRI - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Citigroup in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $140.00 target price on the transportation company's stock, up from their previous target price of $130.00. Citigroup's price objective would indicate a potential upside of 6.32% from the company's current price.

A number of other equities research analysts have also weighed in on HRI. JPMorgan Chase & Co. dropped their price target on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group reissued a "buy" rating and set a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Robert W. Baird decreased their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays lowered their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.20.

Herc Price Performance

Shares of NYSE:HRI traded up $1.92 on Tuesday, reaching $131.68. The company's stock had a trading volume of 405,492 shares, compared to its average volume of 503,927. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50-day simple moving average of $120.55 and a 200 day simple moving average of $151.60. The company has a market cap of $3.75 billion, a P/E ratio of 29.27, a PEG ratio of 1.65 and a beta of 1.88. Herc has a 52-week low of $96.18 and a 52-week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 24.10% and a net margin of 3.53%. The company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. During the same period last year, the business posted $2.36 earnings per share. As a group, equities research analysts anticipate that Herc will post 12.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Herc

Hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in shares of Herc in the 4th quarter valued at about $5,377,000. Handelsbanken Fonder AB raised its position in Herc by 8.0% during the first quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company's stock valued at $907,000 after acquiring an additional 500 shares in the last quarter. Millennium Management LLC lifted its holdings in Herc by 1,221.2% in the fourth quarter. Millennium Management LLC now owns 40,732 shares of the transportation company's stock valued at $7,712,000 after acquiring an additional 37,649 shares during the period. Orion Portfolio Solutions LLC boosted its position in Herc by 12.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after purchasing an additional 315 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Herc during the 4th quarter worth approximately $2,359,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.