Herc (NYSE:HRI) Given New $165.00 Price Target at KeyCorp

Herc (NYSE:HRI) had its price target dropped by analysts at KeyCorp from $190.00 to $165.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s price objective points to a potential upside of 51.69% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research report on Thursday, January 22nd. Barclays raised their price target on shares of Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Robert W. Baird dropped their price target on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Finally, Citigroup decreased their price objective on shares of Herc from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Herc presently has an average rating of “Moderate Buy” and a consensus price target of $171.86.

Herc Trading Down 2.0%

Shares of HRI opened at $108.77 on Monday. Herc has a 12 month low of $96.18 and a 12 month high of $188.35. The stock’s 50-day moving average is $152.81 and its two-hundred day moving average is $141.34. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $3.63 billion, a PE ratio of -604.30, a P/E/G ratio of 14.69 and a beta of 1.73.

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

Institutional Trading of Herc

Several institutional investors have recently added to or reduced their stakes in HRI. American Century Companies Inc. raised its stake in shares of Herc by 8.1% in the 3rd quarter. American Century Companies Inc. now owns 1,301,975 shares of the transportation company’s stock valued at $151,889,000 after purchasing an additional 97,235 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Herc in the third quarter worth about $7,876,000. SG Americas Securities LLC grew its stake in Herc by 397.5% in the third quarter. SG Americas Securities LLC now owns 8,373 shares of the transportation company’s stock worth $977,000 after purchasing an additional 6,690 shares in the last quarter. First Trust Advisors LP increased its holdings in Herc by 12.7% in the third quarter. First Trust Advisors LP now owns 752,255 shares of the transportation company’s stock valued at $87,758,000 after buying an additional 84,586 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Herc by 15.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 80,484 shares of the transportation company’s stock valued at $9,685,000 after buying an additional 11,032 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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.