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H&E Equipment Services (NASDAQ:HEES) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday. They currently have a $34.50 target price on the stock. Zacks‘s target price would suggest a potential downside of 10.30% from the company’s current price.

Shares of H&E Equipment Services (NASDAQ:HEES) traded up 5.83% on Tuesday, hitting $38.46. The stock had a trading volume of 400,441 shares. H&E Equipment Services has a one year low of $21.09 and a one year high of $41.51. The stock has a 50-day moving average of $35.61 and a 200-day moving average of $34.41. The company has a market cap of $1.347 billion and a P/E ratio of 27.34.

H&E Equipment Services (NASDAQ:HEES) last released its earnings data on Thursday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $237.20 million for the quarter, compared to the consensus estimate of $228.94 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that H&E Equipment Services will post $1.49 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $44.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of H&E Equipment Services from $40.00 to $43.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock.

H&E Equipment Services, Inc is an integrated equipment services companies in the United States focused on heavy construction and industrial equipment.

To view Zacks’ full report, visit Zacks’ official website.

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