The Herc Holdings Inc. (HRI) Cut to Neutral at Northcoast Research, Report finds

The Herc Holdings Inc. (HRI) Cut to Neutral at Northcoast Research, Report finds

HRI has been the subject of a number of other reports. Zacks Investment Research lowered shares of Herc Holdings from a hold rating to a strong sell rating in a research note on Monday, December 12th. Jefferies Group LLC started coverage on shares of Herc Holdings in a research note on Tuesday, November 29th. They issued a hold rating and a $44.00 price objective for the company. Barclays PLC set a $33.00 price objective on shares of Herc Holdings and gave the company a hold rating in a research note on Tuesday, November 8th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Herc Holdings in a research note on Friday, December 9th. They issued a neutral rating and a $43.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, Herc Holdings presently has a consensus rating of Hold and a consensus target price of $41.00.

Northcoast Research downgraded shares of Herc Holdings Inc. (NYSE:HRI) from a buy rating to a neutral rating in a report published on Tuesday. The analysts noted that the move was a valuation call.

Herc Holdings (NYSE:HRI) opened at 50.71 on Tuesday. The stock has a 50 day moving average price of $44.87 and a 200-day moving average price of $37.24. Herc Holdings has a 52 week low of $21.18 and a 52 week high of $52.96. The company has a market capitalization of $1.44 billion, a PE ratio of 20.91 and a beta of 2.31.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its position in Herc Holdings by 21.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,017,422 shares of the company’s stock worth $121,180,000 after buying an additional 534,228 shares during the period. Gabelli Funds LLC raised its position in shares of Herc Holdings by 23.0% in the fourth quarter. Gabelli Funds LLC now owns 1,010,455 shares of the company’s stock valued at $40,580,000 after buying an additional 189,154 shares during the period. Royce & Associates LP raised its position in shares of Herc Holdings by 845.1% in the fourth quarter. Royce & Associates LP now owns 201,298 shares of the company’s stock valued at $8,084,000 after buying an additional 180,000 shares during the period. Nicholas Investment Partners LP bought a new position in shares of Herc Holdings during the fourth quarter valued at about $4,003,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Herc Holdings by 55.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 703,497 shares of the company’s stock valued at $28,253,000 after buying an additional 250,844 shares during the period. Hedge funds and other institutional investors own 96.57% of the company’s stock.

Herc Holdings Company Profile

Hertz Global Holdings, Inc, formerly Hertz Rental Car Holding Company, Inc, operates car rental business. The Company operates the Hertz, Dollar, Thrifty and Firefly car rental brands in approximately 9,980 corporate and licensee locations throughout approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand.

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