Herc Holdings Inc. (NYSE:HRI) Stock Has Consensus Target Price of $184.43 According to Brokerages

Herc Holdings Inc. (NYSE:HRI) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $178.43.

A number of brokerages recently commented on HRI. Citigroup lifted their price objective on Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. BNP Paribas Exane increased their target price on Herc from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wells Fargo & Company cut their target price on Herc from $218.00 to $176.00 and set an “overweight” rating on the stock in a research note on Thursday. KeyCorp raised their target price on Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Zacks Research upgraded Herc from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HRI. Diversified Management Inc. acquired a new stake in Herc in the third quarter worth $386,000. Integrated Wealth Concepts LLC bought a new position in shares of Herc during the second quarter worth $68,000. IFP Advisors Inc boosted its position in shares of Herc by 42.1% during the second quarter. IFP Advisors Inc now owns 17,353 shares of the transportation company’s stock worth $2,487,000 after purchasing an additional 5,142 shares in the last quarter. Nykredit A S acquired a new position in shares of Herc in the 2nd quarter valued at $133,000. Finally, HighTower Advisors LLC grew its holdings in shares of Herc by 4.1% in the 2nd quarter. HighTower Advisors LLC now owns 3,386 shares of the transportation company’s stock valued at $485,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Price Performance

Shares of HRI stock opened at $123.52 on Thursday. Herc has a 52-week low of $88.45 and a 52-week high of $188.35. The stock has a market cap of $4.13 billion, a PE ratio of 84.03 and a beta of 2.04. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50 day moving average price is $148.18 and its two-hundred day moving average price is $137.21.

Herc (NYSE:HRI) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.67. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. Herc had a net margin of 1.01% and a return on equity of 10.33%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.87 EPS. As a group, analysts forecast that Herc will post 7.05 EPS for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 2nd. Herc’s dividend payout ratio (DPR) is currently 190.48%.

About Herc

Herc Holdings Inc is an equipment rental supplier operating under the Herc Rentals brand. The company provides construction, industrial, commercial and government customers with access to equipment and related services without requiring them to purchase and maintain their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, and general construction tools. Herc Rentals also offers specialty equipment and services for power generation, climate control, pumps, remediation, trench safety, and other specialized project requirements.