Herc (NYSE:HRI) Given New $140.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Herc (NYSE:HRI) from $127.00 to $140.00, indicating a potential upside of 15.67% from its current price.
• Herc's stock rating has varied among analysts, with Baird upgrading it to a "strong-buy" and Weiss Ratings issuing a "sell" rating, while the average consensus target price stands at $149.20.
• The company reported $3.42 EPS with revenue of $745 million for the last quarter, indicating a solid performance although the stock has a high P/E ratio of 141.28.

Herc (NYSE:HRI - Get Free Report) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $127.00 to $140.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 15.67% from the company's current price.

Several other equities research analysts have also weighed in on the company. Baird R W raised Herc from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a "sell (d+)" rating on shares of Herc in a research note on Wednesday, October 8th. Citigroup dropped their price target on Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Robert W. Baird set a $160.00 price objective on Herc and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded Herc from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.20.

Herc Stock Up 0.3%

NYSE HRI traded up $0.34 on Tuesday, reaching $121.03. The company had a trading volume of 55,225 shares, compared to its average volume of 506,251. The firm has a market capitalization of $4.02 billion, a PE ratio of 141.28, a P/E/G ratio of 1.38 and a beta of 1.81. Herc has a 1 year low of $96.18 and a 1 year high of $246.88. The firm has a 50-day moving average of $124.85 and a 200-day moving average of $125.20. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15.

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

Hedge Funds Weigh In On Herc

A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Herc in the 1st quarter valued at about $11,259,000. Strs Ohio bought a new position in Herc in the first quarter worth approximately $779,000. D.A. Davidson & CO. raised its stake in shares of Herc by 9.6% in the first quarter. D.A. Davidson & CO. now owns 39,246 shares of the transportation company's stock worth $5,270,000 after purchasing an additional 3,435 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Herc by 42.2% in the first quarter. Intech Investment Management LLC now owns 16,738 shares of the transportation company's stock worth $2,247,000 after purchasing an additional 4,971 shares during the last quarter. Finally, A&I Financial Services LLC purchased a new stake in shares of Herc in the second quarter worth approximately $636,000. 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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