J.P. Morgan analyst Tami Zakaria maintains $Herc Holdings (HRI.US)$ with a hold rating, and adjusts the target price from $200 to $240.
According to TipRanks data, the analyst has a success rate of 68.1% and a total average return of 18.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Herc Holdings (HRI.US)$'s main analysts recently are as follows:
Despite concerns of a possible earnings shortfall and reduced forecasts, Herc Holdings' Q3 earnings report was comparatively robust, delivering better-than-expected rental revenue and an upgraded outlook. Analysts observe that the company has maintained a disciplined approach to rental pricing, even in the face of tepid demand in various regional markets.
The valuation discount of Herc Holdings in comparison to its peers, currently standing at 50%, is likely considered unsustainable. With a comparable fleet, customer base, and regional exposure, the company is poised to benefit from macroeconomic catalysts. These advantages come with reduced risk from large-scale projects and an increased likelihood of benefiting from localized economic conditions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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