Herc (NYSE:HRI) Stock Rating Upgraded by BNP Paribas Exane

Herc (NYSE:HRI) was upgraded by equities research analysts at BNP Paribas Exane to a “hold” rating in a research report issued on Monday,Zacks.com reports.

HRI has been the subject of a number of other reports. KeyCorp decreased their price objective on Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Citigroup upped their price target on Herc from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Wells Fargo & Company increased their price target on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.86.

Herc Trading Down 1.7%

NYSE HRI opened at $143.77 on Monday. The firm’s fifty day moving average is $136.44 and its two-hundred day moving average is $138.18. Herc has a one year low of $88.45 and a one year high of $188.35. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $4.80 billion, a PE ratio of -532.49, a P/E/G ratio of 26.49 and a beta of 1.89.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.42. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Analysts expect that Herc will post 5.31 earnings per share for the current year.

Institutional Trading of Herc

Several hedge funds have recently modified their holdings of HRI. Norges Bank acquired a new stake in Herc in the fourth quarter valued at $287,269,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Herc by 86,823.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,335,138 shares of the transportation company’s stock valued at $198,108,000 after purchasing an additional 1,333,602 shares in the last quarter. Freestone Grove Partners LP lifted its stake in shares of Herc by 667.9% in the fourth quarter. Freestone Grove Partners LP now owns 573,149 shares of the transportation company’s stock valued at $85,044,000 after purchasing an additional 498,511 shares during the period. Invesco Ltd. lifted its stake in shares of Herc by 11.2% in the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock valued at $481,040,000 after purchasing an additional 413,719 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Herc by 305.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 425,582 shares of the transportation company’s stock worth $63,148,000 after buying an additional 320,649 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

About Herc

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.