Herc Holdings Inc. (NYSE:HRI) Stock Has Average Price Target of $201.57 According to Brokerages

Shares of Herc Holdings Inc. (NYSE:HRI) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $201.57.

Several research analysts have weighed in on the company. Wells Fargo & Company upped their price target on Herc from $176.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Citigroup raised their target price on shares of Herc from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. BNP Paribas Exane increased their target price on shares of Herc from $165.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Herc in a research report on Monday, October 26th. Finally, KeyCorp boosted their target price on Herc from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th.

Institutional Trading of Herc

Several large investors have recently bought and sold shares of the business. State of Wyoming raised its holdings in shares of Herc by 63.4% in the third quarter. State of Wyoming now owns 469 shares of the transportation company’s stock valued at $59,000 after buying an additional 182 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Herc in the second quarter valued at $68,000. NewEdge Advisors LLC grew its holdings in shares of Herc by 61.4% during the 1st quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 264 shares in the last quarter. Nykredit A S acquired a new stake in Herc during the second quarter worth about $133,000. Finally, Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Herc by 67.5% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,414 shares of the transportation company’s stock worth $176,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

Shares of HRI stock opened at $152.12 on Monday. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $139.53 and a two-hundred day moving average price of $139.41. Herc has a one year low of $88.45 and a one year high of $188.35. The stock has a market cap of $5.09 billion, a P/E ratio of 22.07 and a beta of 1.99.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 27th. The transportation company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.99. Herc had a return on equity of 13.21% and a net margin of 2.50%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the business earned $2.22 earnings per share. Herc’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that Herc will post 7.87 EPS for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 2nd. Herc’s dividend payout ratio is presently 76.29%.

Herc Company Profile

Herc Holdings Inc, operating primarily through the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, commercial and government customers. The company provides access to equipment and related services intended to help customers complete projects without purchasing and maintaining their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power generation and climate-control equipment, pumps, and general tools.