Herc’s (HRI) Neutral Rating Reiterated at Northcoast Research

Northcoast Research reaffirmed their neutral rating on shares of Herc (NYSE:HRI) in a report issued on Tuesday, MarketBeat reports.

Several other brokerages have also weighed in on HRI. Barclays initiated coverage on Herc in a report on Tuesday, December 12th. They issued an overweight rating and a $70.00 price objective for the company. KeyCorp restated a buy rating and issued a $68.00 price objective on shares of Herc in a report on Monday. Zacks Investment Research upgraded Herc from a hold rating to a buy rating and set a $57.00 price objective for the company in a report on Wednesday, October 4th. ValuEngine upgraded Herc from a sell rating to a hold rating in a report on Tuesday, August 29th. Finally, Buckingham Research initiated coverage on Herc in a report on Tuesday, November 21st. They issued a neutral rating and a $55.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $52.67.

Shares of Herc (NYSE:HRI) traded down $0.05 during trading on Tuesday, hitting $63.05. The stock had a trading volume of 184,600 shares, compared to its average volume of 296,480. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 7.66. Herc has a twelve month low of $33.27 and a twelve month high of $65.93.

Herc (NYSE:HRI) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The business had revenue of $457.60 million during the quarter, compared to analyst estimates of $422.31 million. Herc had a negative return on equity of 6.63% and a negative net margin of 4.08%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. equities analysts anticipate that Herc will post -0.47 earnings per share for the current fiscal year.

In related news, Director Jean K. Holley bought 1,400 shares of Herc stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $54.78 per share, with a total value of $76,692.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in shares of Herc during the third quarter valued at $201,000. Boothbay Fund Management LLC purchased a new stake in shares of Herc during the third quarter valued at $218,000. Quantbot Technologies LP purchased a new stake in shares of Herc during the second quarter valued at $183,000. Eqis Capital Management Inc. purchased a new stake in shares of Herc during the third quarter valued at $286,000. Finally, Trexquant Investment LP purchased a new stake in shares of Herc during the second quarter valued at $229,000. 99.15% of the stock is owned by institutional investors and hedge funds.

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Herc Company Profile

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

Analyst Recommendations for Herc (NYSE:HRI)

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