Robert W. Baird Raises Herc (NYSE:HRI) Price Target to $158.00

Herc (NYSE:HRI) had its price target raised by Robert W. Baird from $145.00 to $158.00 in a report issued on Monday, The Fly reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on HRI. Barclays upped their price objective on Herc from $128.00 to $135.00 and gave the stock an overweight rating in a research report on Friday, July 23rd. The Goldman Sachs Group upped their price objective on Herc from $125.00 to $143.00 and gave the stock a buy rating in a research report on Friday, July 23rd. KeyCorp upped their target price on Herc from $135.00 to $145.00 and gave the company an overweight rating in a research report on Thursday, July 22nd. TheStreet raised Herc from a c+ rating to a b- rating in a research report on Thursday, July 22nd. Finally, Zacks Investment Research raised Herc from a hold rating to a buy rating and set a $123.00 target price for the company in a research report on Thursday, July 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $126.17.

Shares of NYSE HRI opened at $124.77 on Monday. The stock’s 50-day moving average is $124.06 and its two-hundred day moving average is $111.50. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 0.38 and a beta of 3.09. Herc has a 1-year low of $34.95 and a 1-year high of $135.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.97 and a quick ratio of 0.97.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, July 22nd. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.33. The business had revenue of $490.90 million during the quarter, compared to analysts’ expectations of $456.93 million. Herc had a return on equity of 21.16% and a net margin of 8.09%. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Equities research analysts anticipate that Herc will post 6.9 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Herc by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,334,271 shares of the transportation company’s stock worth $261,601,000 after acquiring an additional 67,237 shares during the period. Fred Alger Management LLC acquired a new stake in Herc during the 1st quarter worth approximately $152,209,000. Alliancebernstein L.P. lifted its position in Herc by 120.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,271,798 shares of the transportation company’s stock worth $142,530,000 after acquiring an additional 695,606 shares during the period. Goldman Sachs Group Inc. lifted its position in Herc by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 904,214 shares of the transportation company’s stock worth $91,624,000 after acquiring an additional 21,492 shares during the period. Finally, Impax Asset Management Group plc purchased a new position in shares of Herc during the 2nd quarter worth approximately $93,473,000. 96.19% of the stock is owned by institutional investors.

About Herc

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.

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