Herc (NYSE:HRI) Price Target Raised to $240.00

Herc (NYSE:HRI) had its price target lifted by stock analysts at Robert W. Baird from $220.00 to $240.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird‘s target price would suggest a potential upside of 53.84% from the stock’s current price.

HRI has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Herc in a report on Monday. KeyCorp increased their price objective on shares of Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised shares of Herc from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $165.00 to $175.00 in a research report on Thursday, September 10th. Citigroup decreased their target price on Herc from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Wells Fargo & Company set a $200.00 price target on shares of Herc in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Herc currently has an average rating of “Moderate Buy” and a consensus target price of $184.29.

Herc Stock Performance

Shares of NYSE HRI opened at $156.01 on Wednesday. Herc has a 52-week low of $88.45 and a 52-week high of $188.35. The firm has a 50 day moving average price of $139.13 and a 200 day moving average price of $139.38.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.99. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm earned $2.22 EPS. Herc’s quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that Herc will post 7.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herc

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming increased its position in Herc by 21.0% in the 1st quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 107 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Herc during the 2nd quarter worth about $68,000. NewEdge Advisors LLC increased its holdings in Herc by 61.4% in the first quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock worth $69,000 after purchasing an additional 264 shares in the last quarter. Nykredit A S acquired a new stake in shares of Herc during the 2nd quarter worth approximately $133,000. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in shares of Herc by 67.5% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,414 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 570 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Key Herc News

Here are the key news stories impacting Herc this week:

• Positive Sentiment: Quarterly earnings significantly exceeded expectations. Herc reported third-quarter adjusted EPS of $3.91, up from $2.22 a year earlier and ahead of the roughly $2.92–$3.08 analyst consensus. Revenue reached $1.36 billion, slightly above estimates and up 4.6% year over year. Herc Holdings Reports Third Quarter 2026 Results and Increases 2026 Full Year Guidance
• Positive Sentiment: Rental operations showed strong underlying momentum. Equipment-rental revenue increased 12% on an average original equipment cost fleet, while management cited broad customer demand and record quarterly revenue. Adjusted EBITDA and earnings growth also helped ease concerns about the company’s debt load following the H&E acquisition. Why Herc Holdings Rocketed Over 20% Today
• Positive Sentiment: Management raised full-year 2026 earnings guidance. The improved outlook, combined with the quarterly beat, signals that Herc expects operating performance and acquisition synergies to remain supportive. The stock also moved above its 200-day moving average, a potentially favorable technical signal for momentum-focused investors. Herc Holdings Jumps as Earnings Beat Estimates, Outlook Rises
• Neutral Sentiment: Herc announced a planned CEO transition. President Aaron Birnbaum will succeed Larry Silber as chief executive officer on January 1, 2027. The internally planned succession may provide continuity, although investors will watch execution under the new leadership. Herc Holdings Announces CEO Succession Plan
• Negative Sentiment: Some forward-looking concerns remain. Although earnings guidance increased, reported full-year sales guidance was viewed as weaker than expected, and Herc’s elevated debt following the H&E transaction remains a risk if rental demand or acquisition synergies disappoint. Herc Beats Q3 Sales Expectations but Full-Year Sales Guidance Misses

Herc Company Profile

Herc Holdings Inc, operating primarily through the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, commercial and government customers. The company provides access to equipment and related services intended to help customers complete projects without purchasing and maintaining their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power generation and climate-control equipment, pumps, and general tools.