Jefferies Group Initiates Coverage on Herc Holdings Inc. (HRI)
Equities research analysts at Jefferies Group started coverage on shares of Herc Holdings Inc. (NYSE:HRI) in a report issued on Tuesday. The firm set a “hold” rating and a $44.00 price target on the stock. Jefferies Group’s price objective points to a potential upside of 10.72% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Barclays PLC initiated coverage on Herc Holdings in a research report on Monday, August 15th. They issued an “equal weight” rating and a $34.00 target price on the stock. Zacks Investment Research upgraded Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, October 17th. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $38.00.
Shares of Herc Holdings (NYSE:HRI) opened at 39.74 on Tuesday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 16.39 and a beta of 2.21. Herc Holdings has a 52-week low of $20.85 and a 52-week high of $46.80. The company’s 50 day moving average price is $33.50 and its 200 day moving average price is $32.77.
Herc Holdings (NYSE:HRI) last posted its earnings results on Tuesday, November 8th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.30. The firm earned $403.60 million during the quarter, compared to analysts’ expectations of $410.37 million. Herc Holdings had a negative return on equity of 1.81% and a net margin of 0.25%. Herc Holdings’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, analysts predict that Herc Holdings will post ($0.05) EPS for the current year.
Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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