Herc Holdings Inc. (NYSE:HRI) has earned a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Three research 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.
Analysts have set a one year consensus price target 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 94 out of 265 based on the ratings given to related companies.
HRI has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of Herc Holdings in a report on Wednesday, July 6th. They set a “sector weight” rating for the company. Longbow Research initiated coverage on shares of Herc Holdings in a report on Thursday, July 7th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Monday, July 18th. Finally, Barclays PLC initiated coverage on shares of Herc Holdings in a report on Monday, August 15th. They set an “equal weight” rating and a $34.00 price target for the company.
In related news, Director James H. Browning bought 1,500 shares of Herc Holdings stock in a transaction that occurred on Friday, August 12th. The stock was acquired at an average price of $32.94 per share, for a total transaction of $49,410.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at $49,410. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
Herc Holdings (NYSE:HRI) opened at 30.18 on Friday. The stock’s 50 day moving average price is $33.49 and its 200 day moving average price is $31.27. The company has a market capitalization of $854.40 million, a price-to-earnings ratio of 10.08 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 quarterly earnings results on Tuesday, August 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.59. Herc Holdings had a net margin of 3.07% and a return on equity of 11.95%. The firm had revenue of $380.40 million for the quarter, compared to the consensus estimate of $422.70 million. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Herc Holdings will post $0.26 earnings per share for the current fiscal year.
About Herc Holdings
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Herc Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.