Herc (NYSE:HRI) Given New $140.00 Price Target at JPMorgan Chase & Co.

Herc (NYSE:HRI - Get Free Report) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $225.00 to $140.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 18.95% from the company's current price.

A number of other research analysts have also recently issued reports on the company. Citigroup reduced their price objective on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their target price 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Herc presently has a consensus rating of "Moderate Buy" and an average target price of $177.20.

Herc Price Performance

NYSE:HRI traded up $1.96 during trading hours on Monday, hitting $117.70. 593,342 shares of the company's stock traded hands, compared to its average volume of 352,350. The firm has a market cap of $3.35 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.61 and a beta of 1.93. 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 business's fifty day simple moving average is $139.85 and its two-hundred day simple moving average is $180.14. Herc has a 52 week low of $109.39 and a 52 week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, research analysts anticipate that Herc will post 12.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HRI. Arizona State Retirement System grew its stake in Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after purchasing an additional 68 shares during the period. Stifel Financial Corp lifted its position in Herc by 4.1% during the 3rd 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 during the period. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% during 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 in the last quarter. Salem Investment Counselors Inc. increased its stake 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 valued at $4,000,000 after purchasing an additional 90 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of Herc by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after purchasing an additional 94 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.