Herc (NYSE:HRI) Price Target Raised to $165.00

by · The Cerbat Gem

Herc (NYSE:HRI – Free Report) had its target price increased by JPMorgan Chase & Co. from $150.00 to $165.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

A number of other analysts have also recently commented on HRI. KeyCorp set a $200.00 price target on Herc and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Robert W. Baird set a $200.00 target price on shares of Herc in a report on Wednesday, October 29th. Baird R W raised shares of Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen raised shares of Herc from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Herc has an average rating of “Moderate Buy” and an average target price of $176.57.

Read Our Latest Stock Report on HRI

Herc Stock Performance

Shares of Herc stock opened at $158.22 on Wednesday. The firm has a fifty day moving average of $147.16 and a two-hundred day moving average of $135.66. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -62.79, a PEG ratio of 1.49 and a beta of 1.78. Herc has a 52 week low of $96.18 and a 52 week high of $212.19.

Herc (NYSE:HRI – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.39. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The firm’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned $4.35 EPS. As a group, equities research analysts predict that Herc will post 12.84 EPS for the current year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, December 15th. Herc’s dividend payout ratio (DPR) is currently -111.11%.

Institutional Trading of Herc

A number of hedge funds and other institutional investors have recently made changes to their positions in HRI. Strs Ohio acquired a new position in shares of Herc during the 1st quarter worth about $779,000. Allspring Global Investments Holdings LLC grew its holdings in Herc by 15.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 80,484 shares of the transportation company’s stock worth $9,685,000 after purchasing an additional 11,032 shares during the period. A&I Financial Services LLC acquired a new position in Herc during the second quarter worth approximately $636,000. Ellsworth Advisors LLC bought a new stake in Herc in the third quarter valued at approximately $2,291,000. Finally, Greenland Capital Management LP acquired a new stake in shares of Herc in the second quarter valued at approximately $395,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Company Profile

(Get Free Report)

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.

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