Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Herc Holdings Inc before investing.

In this article, we go over a few key elements for understanding Herc Holdings Inc’s stock price such as:

• Herc Holdings Inc’s current stock price and volume
• Why Herc Holdings Inc’s stock price changed recently
• Upgrades and downgrades for HRI from analysts
• HRI’s stock price momentum as measured by its relative strength

About Herc Holdings Inc (HRI)

Before we jump into Herc Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Herc Holdings Inc. is an equipment rental supplier. The Company offers a portfolio of equipment for rent. In addition to its principal business of equipment rental, the Company 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; offers equipment re-rental services and provides on-site support to its customers, and provides ancillary services such as equipment transport, rental protection, cleaning, refueling and labor. Its fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting. Its ProContractor business focuses on professional-grade tools and equipment, and offers industry-specific solutions-based services, which include power generation, climate control, remediation and restoration, pumps, trench shoring, studio and production equipment.

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What Caused Herc Holdings Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 30, 2023, there were 9 analysts who downgraded Herc Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Herc Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Herc Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Herc Holdings Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Herc Holdings Inc (HRI) by visiting AAII Stock Evaluator.

Relative Price Strength of Herc Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 30, 2023, Herc Holdings Inc has a weighted four-quarter relative price strength of -3.47%, which translates to a Momentum Score of 56 and is considered to be Average.

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Herc Holdings Inc Stock Price: Bottom Line

As of December 1, 2023, Herc Holdings Inc’s stock price is $131.32, which is up 6.19% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Herc Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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