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NYSE:HRI

Herc - HRI Stock Forecast, Price & News

$129.66
+1.95 (+1.53%)
(As of 08/15/2022 03:39 PM ET)
Add
Compare
Today's Range
$126.29
$129.77
50-Day Range
$86.52
$127.71
52-Week Range
$83.43
$203.14
Volume
4,019 shs
Average Volume
283,335 shs
Market Capitalization
$3.88 billion
P/E Ratio
14.36
Dividend Yield
1.80%
Price Target
$173.00

Herc MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
33.5% Upside
$173.00 Price Target
Short Interest
Healthy
2.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of Herc in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$25,480 Bought Last Quarter
Proj. Earnings Growth
20.39%
From $11.67 to $14.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.11 out of 5 stars

Transportation Sector

5th out of 128 stocks

Miscellaneous Equipment Rental & Leasing Industry

2nd out of 5 stocks

HRI stock logo

About Herc (NYSE:HRI) Stock

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. The company also sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies; provides repair, maintenance, equipment management, and safety training services, as well as offers ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial and retail service, hospitality, healthcare, recreation, entertainment production, and special event management customers through its sales team, industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. As of December 31, 2017, it operated approximately 275 locations in the United States, Canada, China, the United Kingdom, Saudi Arabia, and Qatar. Herc Holdings Inc. is based in Bonita Springs, Florida.

Herc Trading Up 1.0 %

NYSE:HRI traded up $1.25 during mid-day trading on Friday, hitting $127.71. 126,288 shares of the company's stock were exchanged, compared to its average volume of 267,487. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. Herc has a fifty-two week low of $83.43 and a fifty-two week high of $203.14. The company has a 50 day simple moving average of $104.18 and a 200-day simple moving average of $129.46. The firm has a market capitalization of $3.82 billion, a P/E ratio of 14.14, a PEG ratio of 0.46 and a beta of 2.70.

Herc (NYSE:HRI - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The transportation company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.15). Herc had a return on equity of 28.42% and a net margin of 11.76%. The firm had revenue of $640.40 million for the quarter, compared to the consensus estimate of $631.11 million. During the same quarter in the previous year, the business posted $1.57 EPS. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, research analysts expect that Herc will post 11.67 earnings per share for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $2.30 annualized dividend and a yield of 1.80%. Herc's payout ratio is 25.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HRI. Robert W. Baird reduced their price target on shares of Herc from $161.00 to $158.00 in a research note on Thursday, April 21st. Wells Fargo & Company cut their target price on shares of Herc to $165.00 in a research report on Friday, July 22nd. KeyCorp cut their target price on shares of Herc from $155.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 12th. Finally, The Goldman Sachs Group cut their target price on shares of Herc from $205.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Herc presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

Insiders Place Their Bets

In other news, CFO Mark Irion purchased 218 shares of the stock in a transaction on Friday, June 10th. The stock was purchased at an average price of $116.88 per share, for a total transaction of $25,479.84. Following the acquisition, the chief financial officer now owns 51,714 shares in the company, valued at $6,044,332.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company's stock.

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HRI Stock News Headlines

Herc Holdings (HRI) Q2 Earnings Lag Estimates
Analyst Ratings for Herc Hldgs - Benzinga
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HRI Company Calendar

Ex-Dividend for 6/10 Dividend
5/26/2022
Dividend Payable
6/10/2022
Last Earnings
7/21/2022
Today
8/15/2022
Ex-Dividend for 9/2 Dividend
8/18/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Miscellaneous equipment rental & leasing
Sub-Industry
N/A
Employees
4,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$173.00
High Stock Price Forecast
$205.00
Low Stock Price Forecast
$130.00
Forecasted Upside/Downside
+33.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$224.10 million
Pretax Margin
15.07%

Debt

Sales & Book Value

Annual Sales
$2.07 billion
Cash Flow
$24.65 per share
Book Value
$32.94 per share

Miscellaneous

Free Float
29,498,000
Market Cap
$3.88 billion
Optionable
Optionable
Beta
2.71














HRI Stock - Frequently Asked Questions

Should I buy or sell Herc stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Herc in the last twelve months. There are currently 1 hold rating and 5 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.

What is Herc's stock price forecast for 2022?

6 equities research analysts have issued 12 month price targets for Herc's stock. Their HRI share price forecasts range from $130.00 to $205.00. On average, they anticipate the company's stock price to reach $173.00 in the next year. This suggests a possible upside of 35.5% from the stock's current price.
View analysts price targets for HRI
or view top-rated stocks among Wall Street analysts.

How have HRI shares performed in 2022?

Herc's stock was trading at $156.55 at the beginning of the year. Since then, HRI stock has decreased by 18.4% and is now trading at $127.71.
View the best growth stocks for 2022 here
.

Are investors shorting Herc?

Herc saw a increase in short interest in July. As of July 31st, there was short interest totaling 866,000 shares, an increase of 9.8% from the July 15th total of 788,700 shares. Based on an average daily volume of 278,200 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.9% of the shares of the stock are sold short.
View Herc's Short Interest
.

When is Herc's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our HRI earnings forecast
.

How were Herc's earnings last quarter?

Herc Holdings Inc. (NYSE:HRI) released its earnings results on Thursday, July, 21st. The transportation company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by $0.15. The transportation company had revenue of $640.40 million for the quarter, compared to analysts' expectations of $631.11 million. Herc had a net margin of 11.76% and a trailing twelve-month return on equity of 28.42%. The business's revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 earnings per share.

How often does Herc pay dividends? What is the dividend yield for Herc?

Herc declared a quarterly dividend on Monday, August 8th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.575 per share on Friday, September 2nd. This represents a $2.30 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, August 18th.
Read our dividend analysis for HRI
.

Is Herc a good dividend stock?

Herc (NYSE:HRI) pays an annual dividend of $2.30 per share and currently has a dividend yield of 1.80%. The dividend payout ratio is 25.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 16.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRI.

What is Larry Silber's approval rating as Herc's CEO?

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.

What other stocks do shareholders of Herc own?

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).

What is Herc's stock symbol?

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

Who are Herc's major shareholders?

Herc's stock is owned by many different retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (6.39%), Franklin Resources Inc. (2.84%), Ceredex Value Advisors LLC (2.38%), Loomis Sayles & Co. L P (1.42%), FMR LLC (1.39%) and Northern Trust Corp (1.02%). Insiders that own company stock include Carl C Icahn, Christian J Cunningham, James H Browning, Lawrence Harris Silber, Mark Irion and Tamir Peres.
View institutional ownership trends
.

How do I buy shares of Herc?

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.
Compare Top Brokerages Here.

What is Herc's stock price today?

One share of HRI stock can currently be purchased for approximately $127.71.

How much money does Herc make?

Herc (NYSE:HRI) has a market capitalization of $3.82 billion and generates $2.07 billion in revenue each year. The transportation company earns $224.10 million in net income (profit) each year or $9.03 on an earnings per share basis.

How many employees does Herc have?

The company employs 4,800 workers across the globe.

How can I contact Herc?

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.

This page (NYSE:HRI) was last updated on 8/15/2022 by MarketBeat.com Staff

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