Equities researchers at Jefferies Group began coverage on shares of Herc Holdings Inc. (NYSE:HRI) in a research note issued on Tuesday. The firm set a “hold” rating and a $44.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 13.90% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. Barclays PLC set a $33.00 target price on shares of Herc Holdings and gave the company a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research raised shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, October 17th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $38.00.
Herc Holdings (NYSE:HRI) traded down 0.47% during midday trading on Tuesday, hitting $38.45. 30,149 shares of the company traded hands. The firm has a market capitalization of $1.09 billion, a PE ratio of 15.86 and a beta of 2.21. The stock’s 50-day moving average is $33.38 and its 200-day moving average is $32.66. Herc Holdings has a 12-month low of $20.85 and a 12-month high of $47.61.
Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, November 8th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.30. Herc Holdings had a net margin of 0.25% and a negative return on equity of 1.81%. The firm earned $403.60 million during the quarter, compared to the consensus estimate of $410.37 million. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts anticipate that Herc Holdings will post ($0.05) EPS for the current fiscal year.
Herc Holdings Company Profile