Herc (HRI) Earns “Buy” Rating from KeyCorp

KeyCorp reissued their buy rating on shares of Herc (NYSE:HRI) in a report issued on Monday morning. The brokerage currently has a $68.00 price target on the transportation company’s stock.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Herc from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research note on Wednesday, October 4th. ValuEngine raised shares of Herc from a sell rating to a hold rating in a research note on Tuesday, August 29th. Buckingham Research initiated coverage on shares of Herc in a research note on Tuesday, November 21st. They set a neutral rating and a $55.00 price objective on the stock. Finally, Barclays initiated coverage on shares of Herc in a research note on Tuesday, December 12th. They set an overweight rating and a $70.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $52.67.

Shares of Herc (NYSE HRI) opened at $63.10 on Monday. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09. Herc has a fifty-two week low of $33.27 and a fifty-two week high of $65.93.

Herc (NYSE:HRI) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.23. The business had revenue of $457.60 million for the quarter, compared to the consensus estimate of $422.31 million. Herc had a negative net margin of 4.08% and a negative return on equity of 6.63%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. sell-side analysts forecast that Herc will post -0.47 EPS for the current year.

In related news, Director Jean K. Holley purchased 1,400 shares of the business’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of $54.78 per share, with a total value of $76,692.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Private Advisor Group LLC raised its stake in Herc by 3.8% during the second quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after purchasing an additional 288 shares during the period. Hosking Partners LLP raised its stake in Herc by 1.8% during the second quarter. Hosking Partners LLP now owns 17,967 shares of the transportation company’s stock worth $706,000 after purchasing an additional 311 shares during the period. SG Americas Securities LLC raised its stake in Herc by 12.1% during the third quarter. SG Americas Securities LLC now owns 11,180 shares of the transportation company’s stock worth $549,000 after purchasing an additional 1,208 shares during the period. American International Group Inc. raised its stake in Herc by 8.1% during the third quarter. American International Group Inc. now owns 16,243 shares of the transportation company’s stock worth $798,000 after purchasing an additional 1,215 shares during the period. Finally, Teton Advisors Inc. raised its stake in Herc by 12.0% during the second quarter. Teton Advisors Inc. now owns 14,000 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,500 shares during the period. 99.15% of the stock is currently owned by institutional investors.

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About Herc

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

Analyst Recommendations for Herc (NYSE:HRI)

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