Key Takeaways:
- Herc Holdings achieves impressive 7% revenue growth, surpassing estimates.
- Analysts predict significant upside potential for Herc Holdings stock, with an average price target of $197.25.
- GuruFocus estimates a 60.86% upside with a GF Value of $179.36, signifying potential undervaluation.
Herc Holdings (HRI, Financial) has reported a robust 7% year-over-year increase in total revenue for the first quarter, reaching $861 million and surpassing estimates by $13.82 million. Equipment rental revenue reached a record $739 million, further strengthened by rental equipment sales contributing $36 million. Looking forward, the company anticipates rental revenue growth of 4% to 6% for 2025, demonstrating solid confidence in its future performance.
Wall Street Analysts Forecast
According to the latest insights from eight analysts, Herc Holdings Inc (HRI, Financial) is projected to reach an average target price of $197.25 over the next year. Price targets range from a high of $272.00 to a low of $125.00, suggesting a compelling upside of 76.91% from the present price of $111.50. Further details are available on the Herc Holdings Inc (HRI) Forecast page.
The consensus among 10 brokerage firms classifies Herc Holdings Inc's (HRI, Financial) average brokerage recommendation at 2.3, signifying an "Outperform" status. This rating is based on a scale where 1 is a Strong Buy and 5 signals a Sell.
GuruFocus Estimates and Valuation
Based on GuruFocus estimates, Herc Holdings Inc (HRI, Financial) carries an estimated GF Value of $179.36 for the upcoming year, implying a notable upside of 60.86% from its current stock price of $111.50. The GF Value assessment represents GuruFocus' approximation of the stock's fair trading value. This calculation factors in historical trading multiples, past growth trajectories, and future performance forecasts. For more detailed valuation data, visit the Herc Holdings Inc (HRI) Summary page.
