Herc (NYSE:HRI) Now Covered by Citigroup

Equities research analysts at Citigroup initiated coverage on shares of Herc (NYSE:HRI - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set a "buy" rating and a $165.00 price target on the transportation company's stock. Citigroup's price objective suggests a potential upside of 18.78% from the stock's current price.

Separately, The Goldman Sachs Group cut their price objective on shares of Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report 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. According to data from MarketBeat, Herc presently has an average rating of "Moderate Buy" and a consensus target price of $202.20.

Herc Stock Down 0.5 %

Shares of NYSE HRI traded down $0.64 during trading hours on Monday, hitting $138.91. 1,012,974 shares of the stock were exchanged, compared to its average volume of 332,603. Herc has a 12 month low of $119.60 and a 12 month high of $246.88. The firm has a fifty day moving average price of $167.84 and a 200-day moving average price of $183.62. 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 company has a market cap of $3.95 billion, a PE ratio of 18.75, a PEG ratio of 1.61 and a beta of 2.14.

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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%. On average, sell-side analysts expect that Herc will post 12.84 EPS for the current year.

Hedge Funds Weigh In On Herc

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its stake in Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after acquiring an additional 167 shares during the period. Quarry LP lifted its holdings in Herc by 646.7% in the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after purchasing an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Herc during the fourth quarter worth $59,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

About Herc

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.