Herc Holdings Inc. (NYSE:HRI) has received a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation. Herc Holdings’ rating score has declined by 28.8% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus price objective of $34.00 for the company and are forecasting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Herc Holdings an industry rank of 111 out of 265 based on the ratings given to related companies.
Several equities analysts have recently commented on HRI shares. Longbow Research started coverage on Herc Holdings in a research note on Thursday, July 7th. They set a “neutral” rating for the company. KeyCorp started coverage on Herc Holdings in a research note on Wednesday, July 6th. They set a “sector weight” rating for the company. Zacks Investment Research upgraded Herc Holdings from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, July 18th. Finally, Barclays PLC started 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.
In other news, Director James H. Browning acquired 1,500 shares of Herc Holdings stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average cost of $32.94 per share, for a total transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
Shares of Herc Holdings (NYSE:HRI) traded down 3.807% during mid-day trading on Friday, hitting $30.445. 252,817 shares of the stock traded hands. The firm has a 50 day moving average of $33.57 and a 200 day moving average of $31.27. The stock has a market cap of $861.90 million, a price-to-earnings ratio of 10.165 and a beta of 2.32. Herc Holdings has a 12 month low of $20.85 and a 12 month high of $60.15.
Herc Holdings (NYSE:HRI) last released 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 analysts’ expectations of $422.70 million. Herc Holdings had a net margin of 3.07% and a return on equity of 11.95%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. On average, equities analysts expect that Herc Holdings will post $0.26 EPS for the current fiscal year.
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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