Herc Holdings Announces US Anti-Trust Approval For Proposed Acquisition Of H&E Equipment
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Acquisition Clearance: Herc Holdings Inc. has received clearance under the Hart-Scott-Rodino Antitrust Improvements Act to proceed with its acquisition of H&E Equipment Services, expected to close by early June 2025.
Stock Performance: Following the announcement, Herc's stock is trading at $133.45, reflecting a decrease of 0.74 percent on the New York Stock Exchange.
Analyst Views on HRI
Wall Street analysts forecast HRI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HRI is 168.00 USD with a low forecast of 150.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 158.810
Low
150.00
Averages
168.00
High
200.00
Current: 158.810
Low
150.00
Averages
168.00
High
200.00
About HRI
Herc Holdings Inc. is an equipment rental supplier. It operates through subsidiaries, including Herc Rentals Inc. In addition to its principal business of equipment rental, it sells used equipment and contractor supplies, such as construction consumables, tools, small equipment and safety supplies; provides repair, maintenance, equipment management services and safety training to certain of its customers; offer equipment re-rental services and provides on-site support to its customers; and provide ancillary services, such as equipment transport, rental protection, cleaning, refueling and labor. Its classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Its ProSolutions offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shorting equipment as well as its ProContractor professional grade tools.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
