Bank of America analyst Sherif El-Sabbahy has revised down the price target for Herc Holdings (HRI, Financial), moving it from $140 to $125 while maintaining an Underperform rating on the stock. This adjustment reflects anticipated difficulties facing the machinery, engineering & construction (E&C), and waste sectors as they approach earnings announcements.
El-Sabbahy highlights a potential "lose-lose" scenario where companies might choose to cut guidance amid uncertainty, or instead risk appearing disconnected from the market landscape. These conditions are leading the firm to adjust price targets across the sector, shifting its focus towards service-oriented businesses such as aggregates, rentals, and waste management rather than original equipment manufacturers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Herc Holdings Inc (HRI, Financial) is $199.13 with a high estimate of $272.00 and a low estimate of $129.00. The average target implies an upside of 80.61% from the current price of $110.25. More detailed estimate data can be found on the Herc Holdings Inc (HRI) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Herc Holdings Inc's (HRI, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Herc Holdings Inc (HRI, Financial) in one year is $179.36, suggesting a upside of 62.68% from the current price of $110.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Herc Holdings Inc (HRI) Summary page.
