HRI Similar Chart Price Prediction
The price of HRI is predicted to go up -36.53%, based on the high correlation periods with ENR. The similarity of these two price pattern on the periods is 95.84%.
HRI
ENR
Down: -36.53%Similarity: 95.84%
HRI Revenue Forecast
HRI EPS Forecast
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HRI VS S&P500
Increased equipment rental penetration in North America could result in more general equipment rentals, driving higher sales growth for Herc.
An increase in US infrastructure spending over the next few years could lead to greater demand for Herc's products.
Herc's growing focus on building up its specialty fleet could lead to higher dollar utilization and increased profitability.
HRI Analyst's Forecast
Adam Seiden
Barclays
Buy
Price Target
$175 → $250
Upside
+19.3%
Barclays raised the firm's price target on Herc Holdings to $250 from $175 and keeps an Overweight rating on the shares post the Q3 report. The firm says the company's 50% valuation discount to peers "is likely unsustainable." Herc has similar fleet, customers, and regional coverage, and macro catalysts favor the company with less mega project risk and more macro upside from local, the analyst tells investors in a research note.
Tami Zakaria
JP Morgan
Hold
Price Target
$200 → $240
Upside
+14.53%
Tami Zakaria
JP Morgan
Hold
Price Target
$150 → $200
Upside
+18.05%