Robert W. Baird Lowers Herc (NYSE:HRI) Price Target to $198.00

Herc (NYSE:HRI) had its target price reduced by equities research analysts at Robert W. Baird from $200.00 to $198.00 in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price would indicate a potential upside of 37.87% from the company’s current price.

HRI has been the topic of several other reports. KeyCorp set a $200.00 target price on shares of Herc and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Wells Fargo & Company lifted their price objective on Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Citigroup boosted their target price on Herc from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. upped their target price on Herc from $150.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Barclays lifted their price target on Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.29.

Herc Stock Performance

Shares of HRI opened at $143.61 on Wednesday. Herc has a 52-week low of $96.18 and a 52-week high of $188.35. The stock’s 50-day simple moving average is $159.83 and its 200 day simple moving average is $139.90. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.22 and a current ratio of 1.31. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -797.83, a price-to-earnings-growth ratio of 1.37 and a beta of 1.77.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Herc had a return on equity of 13.21% and a net margin of 0.02%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm earned $3.58 EPS. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. Research analysts forecast that Herc will post 12.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in shares of Herc by 342.1% during the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Herc by 53.1% during the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after buying an additional 86 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Herc during the third quarter valued at about $31,000. Advisory Services Network LLC purchased a new position in shares of Herc in the third quarter worth about $35,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Herc in the 2nd quarter valued at about $36,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Company Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.