Herc (HRI) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Herc in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRI, but not buy additional shares or sell existing shares.
View HRI analyst ratings or view top-rated stocks.

5 brokers have issued 12 month price objectives for Herc's stock. Their HRI share price forecasts range from $124.00 to $175.00. On average, they predict the company's share price to reach $151.80 in the next twelve months. This suggests a possible upside of 36.3% 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 beginning of 2023. Since then, HRI stock has decreased by 15.4% and is now trading at $111.37.
View the best growth stocks for 2023 here.

Herc saw a increase in short interest in September. As of September 15th, there was short interest totaling 621,100 shares, an increase of 8.8% from the August 31st total of 570,900 shares. Based on an average trading volume of 258,800 shares, the short-interest ratio is presently 2.4 days. Currently, 2.2% of the company's stock are sold short.
View Herc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our HRI earnings forecast.

Herc Holdings Inc. (NYSE:HRI) issued its earnings results on Tuesday, July, 25th. The transportation company reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates of $3.11 by $0.42. The transportation company earned $802 million during the quarter, compared to the consensus estimate of $811.48 million. Herc had a net margin of 11.14% and a trailing twelve-month return on equity of 32.16%. The business's quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.47 EPS.

Herc declared a quarterly dividend on Friday, August 4th. Investors of record on Friday, August 18th will be paid a dividend of $0.632 per share on Friday, September 1st. This represents a $2.53 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for HRI.

ETFs with the largest weight of Herc (NYSE:HRI) stock in their portfolio include Tema American Reshoring ETF (RSHO), Invesco Dorsey Wright Industrials Momentum ETF (PRN), First Trust Nasdaq Transportation ETF (FTXR), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Avantis U.S. Small Cap Value ETF (AVUV).Etho Climate Leadership US ETF (ETHO).

Herc (NYSE:HRI) pays an annual dividend of $2.53 per share and currently has a dividend yield of 2.10%. 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 21.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 17.16% 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 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."

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 $111.37.

Herc (NYSE:HRI) has a market capitalization of $3.17 billion and generates $3.07 billion in revenue each year. The transportation company earns $329.90 million in net income (profit) each year or $11.57 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.