Herc (NYSE:HRI) Earns Buy Rating from Analysts at Citigroup

Investment analysts at Citigroup started coverage on shares of Herc (NYSE:HRI) in a report released on Monday,Benzinga reports. The brokerage set a “buy” rating and a $165.00 price target on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 21.68% from the stock’s current price.

Separately, The Goldman Sachs Group cut their target price on Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Herc presently has an average rating of “Moderate Buy” and an average target price of $202.20.

Herc Stock Performance

Herc stock opened at $135.60 on Monday. Herc has a 12-month low of $119.60 and a 12-month high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The firm’s fifty day moving average price is $173.62 and its 200 day moving average price is $184.06.

Herc (NYSE:HRI) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, research analysts forecast that Herc will post 12.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Herc

A number of institutional investors have recently made changes to their positions in the company. Argent Capital Management LLC lifted its stake in Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after purchasing an additional 1,910 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Herc during the fourth quarter worth $5,377,000. State Street Corp lifted its position in shares of Herc by 0.5% in the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after buying an additional 3,006 shares during the last quarter. TT International Asset Management LTD boosted its holdings in shares of Herc by 324.6% in the 3rd quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock valued at $2,287,000 after buying an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC grew its position in shares of Herc by 26.4% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock valued at $13,211,000 after buying an additional 17,315 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.