Herc (NYSE:HRI) Price Target Lowered to $110.00 at Robert W. Baird

Herc (NYSE:HRI - Get Free Report) had its target price reduced by equities researchers at Robert W. Baird from $129.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Robert W. Baird's price objective would indicate a potential upside of 6.71% from the company's current price.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Herc in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $168.20.

Herc Stock Down 7.6 %

HRI opened at $103.08 on Wednesday. Herc has a 12 month low of $96.19 and a 12 month high of $246.88. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The business's 50-day moving average price is $136.05 and its 200-day moving average price is $179.60. The company has a market cap of $2.94 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period last year, the business earned $2.36 EPS. On average, equities analysts expect that Herc will post 12.84 EPS for the current year.

Institutional Inflows and Outflows

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