Last Updated: 19 Sep 2024
Executive Summary
Herc Holdings Inc. (HRI) is a leading equipment rental provider in the United States and internationally. The company has a strong financial position with a market capitalization of $4.3 billion, EBITDA of $796 million, and a trailing PE ratio of 12.72. Herc Holdings' stock price has been on an upward trend in recent months, and analysts are bullish on the company's long-term prospects.
Company Overview
Herc Holdings Inc. is headquartered in Bonita Springs, Florida. The company rents a wide variety of equipment, including aerial lifts, forklifts, cranes, and generators. Herc Holdings has a network of over 250 locations in the United States, Canada, and Europe. The company's customers include construction companies, industrial businesses, and government agencies.
Fundamental Analysis
Herc Holdings Inc. has a strong financial position. The company has a healthy cash flow and a low debt-to-equity ratio. Herc Holdings' revenue and earnings have grown steadily in recent years. The company's profit margin is 9.99%, and its return on equity is 27.5%.
Technical Analysis
Herc Holdings Inc.'s stock price has been on an upward trend in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 65, which indicates that the stock is overbought.
Short Term Outlook
In the short term, Herc Holdings Inc.'s stock price is likely to continue to rise. The company has a strong financial position and its earnings are expected to continue to grow. The stock's technical indicators are also bullish.
Long Term Outlook
In the long term, Herc Holdings Inc. is expected to continue to grow its business. The company is benefiting from the strong demand for rental equipment in the United States and internationally. Herc Holdings is also expanding its business into new markets.
Analyst Recommendations
Analysts are bullish on Herc Holdings Inc.'s long-term prospects. The consensus analyst rating for the stock is "Buy." The average analyst target price for the stock is $175.71.
