Herc Holdings Inc. (HRI) Raised to “Hold” at Zacks Investment Research
Herc Holdings Inc. (NYSE:HRI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Herc Holdings, Inc. through its subsidiary Herc Rentals Inc. provides equipment rental suppliers primarily in North America. The company is a full-line equipment-rental supplier in commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The equipment rental business is supported by ProSolutions (Tm). Herc Holdings Inc., formerly known as Hertz Global Holdings, Inc., is based in Bonita Springs, United States. “
Other analysts have also recently issued reports about the stock. Barclays PLC began coverage on shares of Herc Holdings in a research note on Monday, August 15th. They set an “equal weight” rating and a $34.00 price target on the stock. Longbow Research began coverage on shares of Herc Holdings in a research note on Thursday, July 7th. They issued a “neutral” rating on the stock. Finally, KeyCorp began coverage on shares of Herc Holdings in a research note on Wednesday, July 6th. They issued a “sector weight” rating on the stock.
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Shares of Herc Holdings (NYSE:HRI) traded up 0.10% during mid-day trading on Monday, reaching $30.21. 323,878 shares of the company’s stock traded hands. The firm has a market cap of $855.25 million, a price-to-earnings ratio of 10.09 and a beta of 2.32. The company’s 50 day moving average is $33.42 and its 200-day moving average is $31.27. Herc Holdings has a 52 week low of $20.85 and a 52 week high of $60.15.
Herc Holdings (NYSE:HRI) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.59. Herc Holdings had a net margin of 3.07% and a return on equity of 11.95%. The company had revenue of $380.40 million for the quarter, compared to the consensus estimate of $422.70 million. Herc Holdings’s quarterly revenue was down 10.0% compared to the same quarter last year. Equities analysts expect that Herc Holdings will post $0.26 earnings per share for the current fiscal year.
In other Herc Holdings news, Director James H. Browning acquired 1,500 shares of Herc Holdings stock in a transaction on Friday, August 12th. The shares were purchased at an average cost of $32.94 per share, with a total value of $49,410.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at $49,410. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.
Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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