Herc (NYSE:HRI) Coverage Initiated by Analysts at Citigroup

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 target suggests a potential upside of 15.42% from the stock's current price.

Separately, The Goldman Sachs Group dropped their price target on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Three equities 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, the company currently has an average rating of "Moderate Buy" and an average price target of $202.20.

Herc Stock Up 0.1 %

Shares of NYSE:HRI traded up $0.20 during trading on Monday, hitting $142.95. 584,602 shares of the company were exchanged, compared to its average volume of 316,837. The firm's 50 day moving average price is $171.66 and its 200-day moving average price is $184.19. Herc has a 12-month low of $119.60 and a 12-month high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $4.07 billion, a P/E ratio of 19.29, a PEG ratio of 1.61 and a beta of 2.14.

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Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, research analysts predict that Herc will post 12.84 earnings per share for the current fiscal year.

Institutional Trading of Herc

Several institutional investors and hedge funds have recently added to or reduced their stakes in HRI. Vanguard Group Inc. lifted its stake in shares of Herc by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock worth $580,655,000 after acquiring an additional 27,578 shares during the period. Capital World Investors raised its holdings in Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after purchasing an additional 1,154,182 shares in the last quarter. FMR LLC lifted its position in Herc by 69.0% in the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after purchasing an additional 508,359 shares during the period. Norges Bank acquired a new stake in Herc in the fourth quarter valued at about $183,786,000. Finally, American Century Companies Inc. boosted its holdings in Herc by 0.8% in the 4th quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock valued at $153,787,000 after purchasing an additional 6,777 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.