Citigroup Cuts Herc (NYSE:HRI) Price Target to $140.00

Herc (NYSE:HRI - Get Free Report) had its price target cut by stock analysts at Citigroup from $165.00 to $140.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Citigroup's price target points to a potential upside of 22.13% from the company's previous close.

Separately, The Goldman Sachs Group decreased their price target 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.20.

Herc Stock Down 2.7 %

Shares of Herc stock traded down $3.18 on Tuesday, reaching $114.63. The stock had a trading volume of 727,110 shares, compared to its average volume of 348,692. Herc has a 1 year low of $109.39 and a 1 year high of $246.88. The company has a 50 day moving average price of $148.68 and a 200 day moving average price of $181.72. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $3.27 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.61 and a beta of 1.93.

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Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, equities research analysts forecast that Herc will post 12.84 EPS for the current year.

Institutional Trading of Herc

Several hedge funds and other institutional investors have recently bought and sold shares of HRI. Arizona State Retirement System boosted its holdings in Herc by 0.9% in the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after buying an additional 68 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Herc by 4.1% in the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after acquiring an additional 80 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of Herc by 0.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after purchasing an additional 90 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $558,000 after buying an additional 94 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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.