Herc (HRI) Lowered to “Sell” at ValuEngine

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Herc (NYSE:HRI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Buckingham Research upgraded Herc from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $70.00 in a research note on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $66.33.

Shares of HRI opened at $39.83 on Thursday. Herc has a 12-month low of $38.67 and a 12-month high of $72.99. The firm has a market cap of $1.46 billion, a P/E ratio of -126.66 and a beta of 2.41. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 4.48.

Herc (NYSE:HRI) last announced its quarterly earnings data on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.09). Herc had a return on equity of 3.55% and a net margin of 11.61%. The firm had revenue of $485.50 million for the quarter, compared to the consensus estimate of $462.50 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, analysts predict that Herc will post 1.36 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of HRI. Bank of New York Mellon Corp increased its position in Herc by 77.9% in the second quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock worth $35,171,000 after buying an additional 273,404 shares during the period. Delek Group Ltd. acquired a new stake in Herc in the second quarter worth $7,745,000. BlackRock Inc. increased its position in Herc by 7.0% in the second quarter. BlackRock Inc. now owns 1,671,377 shares of the transportation company’s stock worth $94,167,000 after buying an additional 109,882 shares during the period. Gamco Investors INC. ET AL increased its position in Herc by 3.1% in the second quarter. Gamco Investors INC. ET AL now owns 3,398,647 shares of the transportation company’s stock worth $191,480,000 after buying an additional 100,941 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Herc by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 986,107 shares of the transportation company’s stock worth $55,558,000 after buying an additional 75,475 shares during the period. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Herc (NYSE:HRI)

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