Herc Holdings is Downgraded by Northcoast to ” Neutral”

Herc Holdings (HRI) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, Herc Holdings reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.37 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $0.48. The company had revenue of $403.60 million for the quarter, compared to analysts expectations of $412.55 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Herc Holdings opened for trading at $50.14 and hit $50.95 on the upside on Friday, eventually ending the session at $50.71, with a gain of 1.30% or 0.65 points. The heightened volatility saw the trading volume jump to 1,43,654 shares. Company has a market cap of $1,436 M.

Herc Holdings

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