There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Hudson Pacific Properties (HPP) and Herc Holdings (HRI) with bullish sentiments.
Hudson Pacific Properties (HPP)
In a report issued on March 14, Ross L Smotrich from Barclays maintained a Buy rating on Hudson Pacific Properties, with a price target of $38. The company’s shares opened today at $33.97.
L Smotrich noted:
“We are updating our model to reflect 4Q18 results. HPP’s fourth quarter core FFO /sh was $0.49 (-6.2% Y/Y), in-line with our estimate/consensus. FY18 core FFO of $1.86 (-6.5% Y/Y) was consequently roughly in-line with expectations. Recall that throughout 2018, earnings growth was negatively impacted by ~$465m (~815k sq ft, or ~6% of the office portfolio) of asset sales earlier in the year. Underlying portfolio fundamentals were generally strong in absolute terms and improved sequentially in the quarter, which bodes well for continued momentum into 2019. To that end, initial 2019 guidance calls for 2.5-3.5% office cash SSNOI growth and +7.0% FFO growth at the midpoint. See our , 2/14/19, HPP – Initial View – for additional detail.Forward Outlook.”
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 66.9% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.
Hudson Pacific Properties has an analyst consensus of Strong Buy, with a price target consensus of $37.75, representing an 11.1% upside. In a report issued on March 11, Goldman Sachs also upgraded the stock to Buy with a $40 price target.
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Herc Holdings (HRI)
Barclays analyst Adam Seiden maintained a Buy rating on Herc Holdings on March 15 and set a price target of $60. The company’s shares opened today at $40.10.
According to TipRanks.com, Seiden has 0 stars on 0-5 star ranking scale with an average return of -8.1% and a 33.3% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Caterpillar, and Welbilt Inc.
Herc Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $55, representing a 37.2% upside. In a report issued on March 1, RBC Capital also maintained a Buy rating on the stock with a $55 price target.
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