H&E Equipment Services Lowered to “Neutral” at Zacks (HEES)
H&E Equipment Services (NASDAQ:HEES) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, AmericanBankingNews.com reports. They currently have a $32.40 price target on the stock. Zacks‘ price target points to a potential upside of 9.35% from the company’s current price.
H&E Equipment Services (NASDAQ:HEES) traded up 2.46% on Wednesday, hitting $29.63. The stock had a trading volume of 377,355 shares. H&E Equipment Services has a 52-week low of $14.79 and a 52-week high of $31.92. The stock’s 50-day moving average is $28.55 and its 200-day moving average is $25.3. The company has a market cap of $1.037 billion and a price-to-earnings ratio of 25.37.
H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Friday, November 1st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $270.40 million for the quarter, compared to the consensus estimate of $244.14 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 32.2% on a year-over-year basis.
A number of other firms have also recently commented on HEES. Analysts at UBS AG raised their price target on shares of H&E Equipment Services from $27.00 to $29.00 in a research note to investors on Monday, November 4th. They now have a “neutral” rating on the stock. Analysts at RBC Capital raised their price target on shares of H&E Equipment Services from $26.00 to $33.00 in a research note to investors on Monday, November 4th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.47.
In other H&E Equipment Services news, Director Gary Bagley sold 64,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $28.50, for a total value of $1,838,250.00. Following the completion of the sale, the director now directly owns 117,398 shares of the company’s stock, valued at approximately $3,345,843. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
H&E Equipment Services, Inc is an integrated equipment services companies in the United States focused on heavy construction and industrial equipment.
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