Market Rating: What To Expect From Herc Holdings Inc. Common Stock (NYSE:HRI) After Jefferies & Co’s New Coverage?

November 29, 2016 - By Peter Kolinski

Market Rating: What To Expect From Herc Holdings Inc. Common Stock (NYSE:HRI) After Jefferies & Co's New Coverage?

Why Jefferies & Co Gives Herc Holdings Inc. Common Stock (NYSE:HRI) $44.00 Price Target

Jefferies & Co issued a “Hold” rating on Herc Holdings Inc. Common Stock (NYSE:HRI). The firm has started coverage on shares of HRI in a a research note sent to investors on 29 November. Jefferies & Co’s PT would indicate upside of 15.15% from the company’s current stock price.

The stock decreased 1.19% or $0.46 during the last trading session, hitting $38.17. About 291,600 shares traded hands. Hertz Global Holdings Inc (NYSE:HRI) has risen 36.41% since April 26, 2016 and is uptrending. It has outperformed by 31.15% the S&P500.

Analysts await Hertz Global Holdings Inc (NYSE:HRI) to report earnings on March, 6. They expect $0.02 EPS, down 97.33% or $0.73 from last year’s $0.75 per share. HRI’s profit will be $550,170 for 477.13 P/E if the $0.02 EPS becomes a reality. After $0.11 actual EPS reported by Hertz Global Holdings Inc for the previous quarter, Wall Street now forecasts -81.82% negative EPS growth.

Hertz Global Holdings, Inc., formerly Hertz Rental Car Holding Company, Inc., operates car rental business. The company has a market cap of $1.05 billion. The Firm 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. It has a 15.06 P/E ratio. The Firm focuses on the airport general use car rental business.

According to Zacks Investment Research, “Herc Holdings, Inc. through its subsidiary Herc Rentals Inc. provides equipment rental suppliers primarily in North America. The company is a full-line equipment-rental supplier in commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The equipment rental business is supported by ProSolutions (Tm). Herc Holdings Inc., formerly known as Hertz Global Holdings, Inc., is based in Bonita Springs, United States.”

HRI Company Profile

Hertz Global Holdings, Inc., formerly Hertz Rental Car Holding Company, Inc., operates car rental business. The Firm 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.

More news for Hertz Global Holdings Inc (NYSE:HRI) were recently published by: Bloomberg.com, which released: “Hertz’s Shares Tumble 23% After Profit Misses Estimates” on November 08, 2016. Prnewswire.com‘s article titled: “Hertz Renews Global Partnership With Relais & Chateaux” and published on November 03, 2016 is yet another important article.

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