Jefferies Group Initiates Coverage on Herc Holdings Inc. (HRI)
Equities researchers at Jefferies Group began coverage on shares of Herc Holdings Inc. (NYSE:HRI) in a research note issued on Tuesday. The firm set a “hold” rating and a $44.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 13.90% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. Barclays PLC set a $33.00 target price on shares of Herc Holdings and gave the company a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research raised shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, October 17th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $38.00.
Herc Holdings (NYSE:HRI) traded down 0.47% during midday trading on Tuesday, hitting $38.45. 30,149 shares of the company traded hands. The firm has a market capitalization of $1.09 billion, a PE ratio of 15.86 and a beta of 2.21. The stock’s 50-day moving average is $33.38 and its 200-day moving average is $32.66. Herc Holdings has a 12-month low of $20.85 and a 12-month high of $47.61.
Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, November 8th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.30. Herc Holdings had a net margin of 0.25% and a negative return on equity of 1.81%. The firm earned $403.60 million during the quarter, compared to the consensus estimate of $410.37 million. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts anticipate that Herc Holdings will post ($0.05) EPS for the current fiscal year.
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Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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