Herc Holdings Inc. (NYSE:HRI) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Herc holds a “Moderate Buy” consensus rating from nine analysts, with five buy ratings and four holds. The average 12-month price target is $183, while recent targets range from $165 to $218.
• Herc reported quarterly earnings of $1.43 per share, beating estimates of $0.76, while revenue rose 20.2% year over year to $1.20 billion.
• Institutional investors own 93.11% of Herc’s shares. The stock opened at $166.74, compared with a 12-month range of $88.45 to $188.35.

Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $183.00.

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Herc from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price objective on shares of Herc from $140.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 13th. BNP Paribas Exane boosted their price objective on shares of Herc from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. KeyCorp upped their target price on Herc from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company increased their target price on Herc from $176.00 to $218.00 and gave the company an "overweight" rating in a research report on Monday.

Institutional Investors Weigh In On Herc

Hedge funds have recently made changes to their positions in the stock. UBS Group AG boosted its stake in Herc by 83.2% in the fourth quarter. UBS Group AG now owns 189,925 shares of the transportation company's stock valued at $28,181,000 after acquiring an additional 86,282 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Herc during the first quarter worth $6,234,000. Pier Capital LLC lifted its holdings in shares of Herc by 21.2% during the 4th quarter. Pier Capital LLC now owns 69,196 shares of the transportation company's stock valued at $10,267,000 after purchasing an additional 12,114 shares during the last quarter. Norges Bank purchased a new stake in shares of Herc during the 4th quarter valued at $287,269,000. Finally, Jennison Associates LLC acquired a new stake in shares of Herc in the 4th quarter worth $8,289,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Stock Performance

Shares of Herc stock opened at $166.74 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.22. The stock's fifty day moving average price is $152.67 and its 200-day moving average price is $137.38. The firm has a market cap of $5.57 billion, a P/E ratio of 113.43, a P/E/G ratio of 24.09 and a beta of 1.86. Herc has a 12 month low of $88.45 and a 12 month high of $188.35.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.67. Herc had a net margin of 1.01% and a return on equity of 10.33%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. The firm's revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts expect that Herc will post 6.93 earnings per share for the current fiscal year.

Herc Company Profile

Herc Holdings Inc NYSE: HRI operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company's fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.

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