Herc (HRI) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Herc in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HRI shares.
View HRI analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1 year target prices for Herc's shares. Their HRI share price forecasts range from $150.00 to $175.00. On average, they expect the company's stock price to reach $158.00 in the next year. This suggests a possible upside of 30.6% from the stock's current price.
View analysts price targets for HRI or view top-rated stocks among Wall Street analysts.

Herc's stock was trading at $131.57 at the start of the year. Since then, HRI shares have decreased by 8.0% and is now trading at $121.00.
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Herc saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,080,000 shares, an increase of 11.8% from the April 30th total of 966,000 shares. Based on an average daily volume of 449,100 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.9% of the company's shares are short sold.
View Herc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our HRI earnings forecast.

Herc Holdings Inc. (NYSE:HRI) announced its earnings results on Thursday, April, 20th. The transportation company reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.27. The transportation company had revenue of $740 million for the quarter, compared to analyst estimates of $731.30 million. Herc had a net margin of 11.62% and a trailing twelve-month return on equity of 32.23%.

Herc declared a quarterly dividend on Friday, May 12th. Investors of record on Friday, May 26th will be given a dividend of $0.632 per share on Friday, June 9th. This represents a $2.53 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, May 25th.
Read our dividend analysis for HRI.

ETFs with the largest weight of Herc (NYSE:HRI) stock in their portfolio include WisdomTree U.S. Growth & Momentum Fund (WGRO), First Trust Nasdaq Transportation ETF (FTXR), Invesco DWA SmallCap Momentum ETF (DWAS), Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust Mid Cap Growth AlphaDEX Fund (FNY),

Herc (NYSE:HRI) pays an annual dividend of $2.53 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 17.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRI.

107 employees have rated Herc Chief Executive Officer Larry Silber on Glassdoor.com. Larry Silber has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Herc investors own include Hertz Global (HTZ), Energy Transfer (ET), AT&T (T), Advanced Micro Devices (AMD), Cisco Systems (CSCO), NVIDIA (NVDA), Bank of America (BAC), Ford Motor (F), Johnson & Johnson (JNJ) and Pfizer (PFE).

Herc trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRI."

Herc's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.09%), Gamco Investors INC. ET AL (5.90%), Wellington Management Group LLP (4.00%), Dimensional Fund Advisors LP (3.05%), Franklin Resources Inc. (2.79%) and Impax Asset Management Group plc (2.26%). Insiders that own company stock include Aaron Birnbaum, Carl C Icahn, Christian J Cunningham, James H Browning, Lawrence Harris Silber, Mark Irion and Tamir Peres.
View institutional ownership trends.

Shares of HRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HRI stock can currently be purchased for approximately $121.00.

Herc (NYSE:HRI) has a market capitalization of $3.45 billion and generates $2.74 billion in revenue each year. The transportation company earns $329.90 million in net income (profit) each year or $11.29 on an earnings per share basis.

The company employs 6,600 workers across the globe.

Herc's mailing address is 27500 RIVERVIEW CENTER BOULEVARD, BONITA SPRINGS FL, 34134. The official website for the company is ir.hercrentals.com. The transportation company can be reached via phone at 239-301-1000, via email at elizabeth.higashi@hercrentals.com, or via fax at 888-817-7694.