Herc (NYSE:HRI) Given New $140.00 Price Target at JPMorgan Chase & Co.

Herc (NYSE:HRI) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $225.00 to $140.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.87% from the company’s current price.

HRI has been the subject of a number of other research reports. Citigroup cut their price target on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their target price on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.20.

Herc Stock Performance

Shares of NYSE HRI traded up $1.82 during trading on Monday, hitting $116.79. The company had a trading volume of 125,732 shares, compared to its average volume of 513,468. Herc has a 12 month low of $109.39 and a 12 month high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $3.33 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The stock has a 50 day simple moving average of $148.68 and a 200 day simple moving average of $181.89.

Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. As a group, analysts anticipate that Herc will post 12.84 earnings per share for the current year.

Hedge Funds Weigh In On Herc

Several institutional investors have recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Herc by 435.8% during the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock valued at $268,662,000 after acquiring an additional 1,154,182 shares during the last quarter. Norges Bank bought a new position in Herc during the fourth quarter valued at $183,786,000. FMR LLC grew its stake in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock worth $235,748,000 after buying an additional 508,359 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Herc in the 4th quarter worth about $71,211,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Herc during the 4th quarter valued at about $62,982,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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.