Herc (NYSE:HRI)‘s stock had its “neutral” rating reaffirmed by Northcoast Research in a research note issued to investors on Tuesday.

Other analysts also recently issued research reports about the stock. KeyCorp reiterated a “buy” rating and issued a $68.00 target price on shares of Herc in a report on Monday. Zacks Investment Research upgraded shares of Herc from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Wednesday, October 4th. ValuEngine upgraded shares of Herc from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Buckingham Research initiated coverage on shares of Herc in a report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Barclays initiated coverage on shares of Herc in a report on Tuesday, December 12th. They issued an “overweight” rating and a $70.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Herc presently has an average rating of “Hold” and a consensus target price of $52.67.

Shares of Herc (HRI) opened at $63.10 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 7.66. Herc has a 1-year low of $33.27 and a 1-year high of $65.93.

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

In related news, Director Jean K. Holley bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $54.78 per share, for a total transaction of $76,692.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of HRI. Trexquant Investment LP acquired a new position in shares of Herc in the second quarter worth $229,000. Schwab Charles Investment Management Inc. lifted its position in shares of Herc by 142.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 228,309 shares of the transportation company’s stock worth $8,978,000 after purchasing an additional 134,259 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Herc by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 29,518 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 2,462 shares during the last quarter. Teton Advisors Inc. lifted its position in shares of Herc by 12.0% during the 2nd quarter. Teton Advisors Inc. now owns 14,000 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Herc by 44.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,730 shares of the transportation company’s stock worth $383,000 after purchasing an additional 2,978 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

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Herc 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 (NYSE:HRI)

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