Herc (NYSE:HRI) Now Covered by Analysts at Citigroup

Investment analysts at Citigroup assumed coverage on shares of Herc (NYSE:HRI) in a report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $165.00 price target on the transportation company’s stock. Citigroup’s price objective points to a potential upside of 15.42% from the company’s previous close.

Separately, The Goldman Sachs Group dropped their price objective on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.20.

Herc Trading Up 0.1 %

Shares of HRI stock opened at $142.95 on Monday. Herc has a 1-year low of $119.60 and a 1-year high of $246.88. The firm has a market cap of $4.07 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a 50-day moving average of $171.66 and a two-hundred day moving average of $184.19. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, analysts predict that Herc will post 12.84 EPS for the current year.

Institutional Trading of Herc

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in Herc by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock worth $928,000 after purchasing an additional 284 shares during the period. Pathstone Holdings LLC grew its position in shares of Herc by 2.5% during the third quarter. Pathstone Holdings LLC now owns 21,679 shares of the transportation company’s stock worth $3,456,000 after buying an additional 522 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Herc during the third quarter worth approximately $1,001,000. Charles Schwab Investment Management Inc. increased its stake in shares of Herc by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock worth $63,011,000 after buying an additional 23,411 shares during the period. Finally, Citigroup Inc. raised its holdings in Herc by 191.1% in the third quarter. Citigroup Inc. now owns 27,858 shares of the transportation company’s stock valued at $4,441,000 after acquiring an additional 18,289 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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.