RBC Capital Starts HireRight Inc. (HRT) at Outperform

November 23, 2021 5:10 AM EST
Get Alerts HRT Hot Sheet
Price: $13.30 +0.15%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 9 | New: 42
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RBC Capital analyst Ashish Sabadra initiates coverage on HireRight Inc. (NYSE: HRT) with a Outperform rating and a price target of $21.00.

The analyst comments "Single, unified global technology platform integrated with Applicant Tracking Systems, industry-specific proprietary databases, and 250+ products portfolio and an online platform to serve self-service market create a competitive advantage. Focus on growth verticals, enterprise clientele, market leadership, and global presence bode well to gain share in a highly fragmented market. As a result, the company should deliver high-single-digit organic revenue growth. Separately, automation and process improvement should help drive solid margin expansion of ~800bps over the next 3 years. Accordingly, we initiate with a $21 PT and Outperform rating."

For an analyst ratings summary and ratings history on HireRight Inc. click here. For more ratings news on HireRight Inc. click here.

Shares of HireRight Inc. closed at $18.13 yesterday.



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