Herc Holdings Inc. (NYSE:HRI) Receives $178.29 Consensus Target Price from Analysts

Herc Holdings Inc. (NYSE:HRI) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $178.2857.

HRI has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Herc from $150.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Citigroup cut their price target on shares of Herc from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Robert W. Baird lowered their price objective on shares of Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. KeyCorp cut their target price on shares of Herc from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Thursday, January 22nd.

Herc Stock Performance

NYSE HRI opened at $139.55 on Wednesday. The stock has a fifty day simple moving average of $158.81 and a 200-day simple moving average of $141.27. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.17. The stock has a market cap of $4.66 billion, a PE ratio of -775.28, a P/E/G ratio of 20.08 and a beta of 1.77. Herc has a twelve month low of $96.18 and a twelve month high of $188.35.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, February 17th. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. Herc had a net margin of 0.02% and a return on equity of 13.21%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $3.58 EPS. Herc’s revenue was up 27.1% on a year-over-year basis. Equities analysts anticipate that Herc will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Herc’s dividend payout ratio (DPR) is presently -1,555.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its holdings in shares of Herc by 342.1% in the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after buying an additional 130 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Herc by 53.1% in the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 86 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Herc during the third quarter worth about $31,000. Advisory Services Network LLC acquired a new stake in shares of Herc during the third quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Herc in the 3rd quarter valued at about $40,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Company Profile

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.