Equities researchers at Buckingham Research began coverage on shares of Herc Holdings Inc. (NYSE:HRI) in a report released on Tuesday. The brokerage set a “neutral” rating and a $55.00 price target on the transportation company’s stock. Buckingham Research’s target price points to a potential downside of 3.81% from the stock’s current price.

A number of other research firms have also weighed in on HRI. Zacks Investment Research lowered shares of Herc Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Herc Holdings has a consensus rating of “Hold” and a consensus price target of $46.88.

Shares of Herc Holdings (NYSE HRI) opened at $57.18 on Tuesday. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09. Herc Holdings has a 1-year low of $33.27 and a 1-year high of $57.70.

Herc Holdings (NYSE:HRI) last posted its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.23. The company had revenue of $457.60 million during the quarter, compared to analyst estimates of $422.31 million. Herc Holdings had a negative net margin of 4.08% and a negative return on equity of 6.63%. Herc Holdings’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. sell-side analysts forecast that Herc Holdings will post -0.47 earnings per share for the current fiscal year.

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In related news, Director Jean K. Holley purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in shares of Herc Holdings by 13.0% during the first quarter. Alliancebernstein L.P. now owns 22,639 shares of the transportation company’s stock valued at $1,107,000 after purchasing an additional 2,600 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Herc Holdings by 3.8% during the first quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock valued at $93,560,000 after purchasing an additional 70,727 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Herc Holdings by 7.7% during the first quarter. Geode Capital Management LLC now owns 183,422 shares of the transportation company’s stock valued at $8,967,000 after purchasing an additional 13,159 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Herc Holdings by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 787,022 shares of the transportation company’s stock valued at $38,477,000 after purchasing an additional 83,525 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Herc Holdings by 10.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 94,050 shares of the transportation company’s stock valued at $4,599,000 after purchasing an additional 8,882 shares in the last quarter.

Herc Holdings Company Profile

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

Analyst Recommendations for Herc Holdings (NYSE:HRI)

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