Herc (NYSE:HRI) Stock Rating Upgraded by Baird R W

Key Points

• Baird R W upgraded Herc's stock rating from "hold" to "strong-buy," indicating a positive outlook on the company's performance.
• The stock has a current average rating of "Moderate Buy" with a consensus target price of $149.20, following a range of changes in ratings by various analysts.
• Herc's recent earnings report showed an EPS of $1.87, significantly beating expectations and indicating strong revenue growth, with a reported quarterly revenue of $1 billion.

Herc (NYSE:HRI - Get Free Report) was upgraded by Baird R W from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

HRI has been the topic of several other reports. Zacks Research raised Herc from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Citigroup decreased their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Finally, Robert W. Baird set a $160.00 target price on shares of Herc and gave the stock an "outperform" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $149.20.

Herc Stock Performance

Shares of HRI stock opened at $120.44 on Wednesday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 140.05, a PEG ratio of 1.37 and a beta of 1.81. Herc has a one year low of $96.18 and a one year high of $246.88. The company's 50-day simple moving average is $125.81 and its 200-day simple moving average is $126.09. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.15 and a current ratio of 1.15.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.58. Herc had a return on equity of 20.77% and a net margin of 0.61%.The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $868.23 million. Equities analysts anticipate that Herc will post 12.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herc

Several institutional investors have recently modified their holdings of HRI. Allspring Global Investments Holdings LLC bought a new stake in Herc in the 1st quarter valued at about $11,259,000. D.A. Davidson & CO. raised its holdings in shares of Herc by 9.6% during the first quarter. D.A. Davidson & CO. now owns 39,246 shares of the transportation company's stock valued at $5,270,000 after buying an additional 3,435 shares during the last quarter. Strs Ohio bought a new stake in shares of Herc during the first quarter valued at approximately $779,000. Intech Investment Management LLC boosted its position in shares of Herc by 42.2% during the first quarter. Intech Investment Management LLC now owns 16,738 shares of the transportation company's stock worth $2,247,000 after buying an additional 4,971 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Herc by 8.0% in the 1st quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company's stock worth $907,000 after buying an additional 500 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

About Herc

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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