Herc Holdings Inc. (HRI) Upgraded 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 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 research analysts also recently issued research reports about the company. Barclays PLC assumed coverage on Herc Holdings in a research note on Monday, August 15th. They set an “equal weight” rating and a $34.00 target price for the company. Longbow Research assumed coverage on Herc Holdings in a research note on Thursday, July 7th. They set a “neutral” rating for the company. Finally, KeyCorp assumed coverage on Herc Holdings in a research note on Wednesday, July 6th. They set a “sector weight” rating for the company.
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Shares of Herc Holdings (NYSE:HRI) traded up 0.10% during midday trading on Monday, hitting $30.21. The stock had a trading volume of 323,878 shares. Herc Holdings has a 52-week low of $20.85 and a 52-week high of $60.15. 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 firm’s 50 day moving average price is $33.42 and its 200 day moving average price is $31.27.
Herc Holdings (NYSE:HRI) last issued its 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. The business had revenue of $380.40 million for the quarter, compared to analyst estimates of $422.70 million. Herc Holdings had a return on equity of 11.95% and a net margin of 3.07%. Herc Holdings’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities research analysts expect that Herc Holdings will post $0.26 earnings per share for the current year.
In other news, Director James H. Browning acquired 1,500 shares of the stock in a transaction dated Friday, August 12th. The stock was bought at an average price of $32.94 per share, with a total value of $49,410.00. Following the completion of the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $49,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by insiders.
About Herc Holdings
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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