Goldman Sachs has decided to maintain its Buy rating of Herc Hldgs (NYSE:HRI) and lower its price target from $205.00 to $180.00.
Shares of Herc Hldgs are trading down 0.67% over the last 24 hours, at $86.83 per share.
A move to $180.00 would account for a 107.3% increase from the current share price.
About Herc Hldgs
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third- largest equipment rental company (3% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $4.6 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
About Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
