Herc - HRI Stock Forecast, Price & News

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

4 brokerages have issued twelve-month price targets for Herc's shares. Their HRI share price forecasts range from $150.00 to $175.00. On average, they predict the company's share price to reach $163.60 in the next twelve months. This suggests a possible upside of 2.5% 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 increased by 21.3% and is now trading at $159.62.
View the best growth stocks for 2023 here.

Herc saw a increase in short interest in January. As of January 15th, there was short interest totaling 631,200 shares, an increase of 8.2% from the December 31st total of 583,500 shares. Based on an average trading volume of 188,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.2% of the company's shares are sold short.
View Herc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our HRI earnings forecast.

Herc will be holding an earnings conference call on Tuesday, February 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Herc Holdings Inc. (NYSE:HRI) issued its earnings results on Thursday, October, 21st. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.04. The transportation company earned $550.40 million during the quarter, compared to analysts' expectations of $552.06 million. Herc had a trailing twelve-month return on equity of 30.20% and a net margin of 12.01%. Herc's quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS.

Herc declared a quarterly dividend on Friday, December 2nd. Shareholders of record on Monday, December 12th will be paid a dividend of $0.575 per share on Tuesday, December 27th. This represents a $2.30 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for HRI.

Herc (NYSE:HRI) pays an annual dividend of $2.30 per share and currently has a dividend yield of 1.47%. The dividend payout ratio is 22.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 16.65% 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."

Herc's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.77%), Ceredex Value Advisors LLC (0.88%), Emerald Advisers LLC (0.46%), Emerald Mutual Fund Advisers Trust (0.33%), New York State Common Retirement Fund (0.24%) and Reliant Investment Management LLC (0.11%). 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.

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.

One share of HRI stock can currently be purchased for approximately $159.62.

Herc (NYSE:HRI) has a market capitalization of $4.67 billion and generates $2.07 billion in revenue each year. The transportation company earns $224.10 million in net income (profit) each year or $10.02 on an earnings per share basis.

The company employs 4,800 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.