Herc (NYSE:HRI) Stock Rating Upgraded by BNP Paribas Exane

Herc (NYSE:HRI) was upgraded by equities researchers at BNP Paribas Exane to a “hold” rating in a report released on Monday,Zacks.com reports.

HRI has been the subject of several other research reports. Zacks Research raised shares of Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Citigroup lifted their price objective on shares of Herc from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. KeyCorp dropped their price target on shares of Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Finally, Wells Fargo & Company lifted their price target on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Herc has a consensus rating of “Hold” and a consensus price target of $164.86.

Herc Trading Down 1.7%

Herc stock opened at $143.77 on Monday. Herc has a 1 year low of $88.45 and a 1 year high of $188.35. The firm’s 50-day moving average is $136.44 and its 200-day moving average is $138.18. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $4.80 billion, a P/E ratio of -532.49, a PEG ratio of 26.49 and a beta of 1.89.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.42. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. Herc’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. On average, equities analysts expect that Herc will post 5.31 earnings per share for the current year.

Institutional Investors Weigh In On Herc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRI. Hantz Financial Services Inc. increased its position in shares of Herc by 342.1% during the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Herc during the third quarter worth about $31,000. Advisory Services Network LLC bought a new stake in Herc in the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Herc in the 3rd quarter valued at about $40,000. Finally, NewEdge Advisors LLC boosted its position in shares of Herc by 628.8% during the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 371 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

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.