Equities researchers at Buckingham Research began coverage on shares of Herc Holdings Inc. (NYSE:HRI) in a research report issued to clients and investors on Tuesday. The firm set a “neutral” rating and a $55.00 price target on the transportation company’s stock. Buckingham Research’s target price indicates a potential downside of 3.44% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Herc Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.88.

Shares of Herc Holdings (HRI) traded up $0.64 during midday trading on Tuesday, hitting $56.96. The stock had a trading volume of 249,200 shares, compared to its average volume of 303,906. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09. Herc Holdings has a twelve month low of $33.27 and a twelve month high of $57.64.

Herc Holdings (NYSE:HRI) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.23. The business had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $422.31 million. Herc Holdings had a negative return on equity of 6.63% and a negative net margin of 4.08%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. analysts anticipate that Herc Holdings will post -0.47 earnings per share for the current year.

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In related news, Director Jean K. Holley purchased 1,400 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL boosted its holdings in Herc Holdings by 3.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 3,642,489 shares of the transportation company’s stock valued at $178,955,000 after purchasing an additional 115,631 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Herc Holdings by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,007,460 shares of the transportation company’s stock valued at $78,933,000 after purchasing an additional 93,761 shares in the last quarter. Harris Associates L P boosted its holdings in Herc Holdings by 18.8% in the 2nd quarter. Harris Associates L P now owns 1,399,518 shares of the transportation company’s stock valued at $55,029,000 after purchasing an additional 221,511 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Herc Holdings by 0.3% in the 3rd quarter. Gabelli Funds LLC now owns 1,254,609 shares of the transportation company’s stock valued at $61,639,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Herc Holdings by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 887,325 shares of the transportation company’s stock valued at $43,594,000 after acquiring an additional 15,801 shares during the period.

About Herc Holdings

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

Analyst Recommendations for Herc Holdings (NYSE:HRI)

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