Herc - HRI Stock Forecast, Price & News

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.

Analyst Ratings Changes

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

Herc Stock Performance

NYSE:HRI traded up $1.76 during midday trading on Tuesday, reaching $131.19. The stock had a trading volume of 3,200 shares, compared to its average volume of 258,324. The firm has a fifty day simple moving average of $104.26 and a two-hundred day simple moving average of $129.11. Herc has a 12-month low of $83.43 and a 12-month high of $203.14. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. The stock has a market cap of $3.93 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.46 and a beta of 2.71.

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

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, August 18th. Herc's dividend payout ratio is currently 25.47%.

Insider Activity

In other news, CFO Mark Irion bought 218 shares of the firm's stock in a transaction dated Friday, June 10th. The stock was acquired 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 of the company's stock, valued at $6,044,332.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.