Equities researchers at Bank of America assumed coverage on shares of Herc (NYSE:HRI) in a research note issued on Friday, The Fly reports. The brokerage set a “buy” rating on the transportation company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Herc from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, May 8th. Longbow Research assumed coverage on shares of Herc in a research note on Friday, March 29th. They set a “buy” rating and a $52.00 target price on the stock. TheStreet raised shares of Herc from a “d+” rating to a “c-” rating in a research note on Thursday, February 28th. Finally, ValuEngine cut shares of Herc from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Herc presently has an average rating of “Buy” and an average price target of $56.83.
Herc stock opened at $39.86 on Friday. Herc has a 1 year low of $24.16 and a 1 year high of $62.04. The firm has a market capitalization of $1.11 billion, a P/E ratio of 23.87 and a beta of 3.18. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.12 and a current ratio of 1.12.
Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, May 2nd. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Herc had a net margin of 3.59% and a return on equity of 12.16%. The firm had revenue of $475.70 million for the quarter, compared to analysts’ expectations of $455.90 million. During the same quarter last year, the company earned ($0.36) EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts forecast that Herc will post 3.05 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Pearl River Capital LLC acquired a new stake in Herc during the 4th quarter worth $25,000. NumerixS Investment Technologies Inc boosted its stake in Herc by 115.4% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock worth $106,000 after purchasing an additional 1,500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Herc during the 1st quarter worth $173,000. Quantinno Capital Management LP acquired a new stake in Herc during the 1st quarter worth $213,000. Finally, Bayesian Capital Management LP acquired a new stake in Herc during the 1st quarter worth $230,000. 92.78% of the stock is currently owned by institutional investors.
Herc Company Profile
Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.
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