H&E Equipment Services Inc. Reaches New 12-Month High at $32.08 (HEES)
H&E Equipment Services (NASDAQ:HEES)’s share price reached a new 52-week high during mid-day trading on Thursday, Analyst RN reports. The stock traded as high as $32.08 and last traded at $31.59, with a volume of 161,062 shares traded. The stock had previously closed at $31.40.
HEES has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of H&E Equipment Services from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $32.40 price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.47.
H&E Equipment Services has a 52-week low of $17.02 and a 52-week high of $32.08. The stock has a 50-day moving average of $28.79 and a 200-day moving average of $25.61. The company has a market cap of $1.113 billion and a price-to-earnings ratio of 27.54.
H&E Equipment Services (NASDAQ:HEES) last released its earnings data 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. On average, analysts predict that H&E Equipment Services will post $1.24 earnings per share for the current fiscal year.
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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