Barclays analyst Adam Seiden maintained a Buy rating on Herc Holdings (HRI – Research Report) today and set a price target of $175.00. The company’s shares closed last Friday at $150.09.
Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar. According to TipRanks, Seiden has an average return of 11.8% and a 55.56% success rate on recommended stocks.
Currently, the analyst consensus on Herc Holdings is a Moderate Buy with an average price target of $158.20, implying a 5.40% upside from current levels. In a report released on April 16, Goldman Sachs also maintained a Buy rating on the stock with a $178.00 price target.
Based on Herc Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $832 million and a net profit of $91 million. In comparison, last year the company earned a revenue of $787 million and had a net profit of $98 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HRI in relation to earlier this year. Last month, Lawrence Harris Silber, the President & CEO of HRI sold 6,599.00 shares for a total of $1,105,082.31.
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Herc Holdings (HRI) Company Description:
Herc Holdings, Inc., engages as a equipment rental suppliers. It operates through the United States, and International geographical segments. It offers equipment rental, used equipment sales, solutions, account management, and credit application. The company was founded in 1965 and is headquartered in Bonita Springs, FL.
