Herc (NYSE:HRI) Cut to "Sell" at Wall Street Zen

Key Points

• Herc (NYSE:HRI) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, signaling a shift in sentiment towards the stock.
• Despite the downgrade, other analysts have varying opinions, with Robert W. Baird setting a price target of $160.00 and maintaining an "outperform" rating.
• Herc's stock is currently experiencing volatility, with a recent trading opening at $132.44 and a 52-week range from $96.18 to $246.88.

Herc (NYSE:HRI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird set a $160.00 price target on Herc and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Baird R W raised Herc from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price target on Herc from $127.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Citigroup decreased their price target on Herc from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Herc in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.20.

Herc Stock Performance

Shares of Herc stock opened at $132.44 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37. The firm has a market capitalization of $4.40 billion, a P/E ratio of 154.00, a P/E/G ratio of 1.55 and a beta of 1.81. The firm's 50 day moving average is $126.65 and its two-hundred day moving average is $125.27. Herc has a 52 week low of $96.18 and a 52 week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. The business had revenue of $745.00 million for the quarter. Herc had a net margin of 0.61% and a return on equity of 20.77%. Research analysts forecast that Herc will post 12.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of Herc by 53.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company's stock worth $29,000 after buying an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Herc during the 2nd quarter worth $36,000. Larson Financial Group LLC raised its stake in shares of Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock worth $41,000 after buying an additional 293 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of Herc during the 2nd quarter worth $45,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Herc during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 93.11% of the company's stock.

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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