Media headlines about Herc Holdings (NYSE:HRI) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Herc Holdings earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 46.8544330226655 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Herc Holdings Inc. (HRI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Hertz launches strategic partnership with South America’s largest car rental company (eturbonews.com)
- BRIEF-Hertz launches strategic partnership with Localiza (reuters.com)
- Herc Holdings, Inc. – Value Analysis (NYSE:HRI) : September 2, 2017 (finance.yahoo.com)
- $418.80 Million in Sales Expected for Herc Holdings Inc. (HRI) This Quarter (americanbankingnews.com)
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Herc Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. MKM Partners reaffirmed a “buy” rating and set a $22.00 price objective on shares of Herc Holdings in a research note on Friday, July 7th. Finally, Sidoti cut Herc Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.00.
Shares of Herc Holdings (HRI) opened at 45.10 on Friday. Herc Holdings has a 12-month low of $28.66 and a 12-month high of $52.96. The company’s market cap is $1.28 billion. The company’s 50-day moving average price is $42.09 and its 200 day moving average price is $43.22.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.25. The business had revenue of $416 million during the quarter, compared to analysts’ expectations of $397 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted ($0.28) EPS. Equities analysts predict that Herc Holdings will post ($0.55) earnings per share for the current year.
In other Herc Holdings news, COO James Bruce Dressel purchased 2,500 shares of Herc Holdings stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the acquisition, the chief operating officer now owns 41,402 shares in the company, valued at approximately $1,615,506.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carl C. Icahn purchased 109,249 shares of Herc Holdings stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $38.95 per share, with a total value of $4,255,248.55. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.
About Herc Holdings
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.
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