Share on StockTwits

H&E Equipment Services (NASDAQ:HEES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday. The firm currently has a $38.40 price target on the stock. Zacks‘s price target would indicate a potential upside of 2.40% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners initiated coverage on shares of H&E Equipment Services in a research note on Tuesday, July 15th. They set an “outperform” rating on 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, July 1st. They now have a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.80.

Shares of H&E Equipment Services (NASDAQ:HEES) traded down 0.91% on Wednesday, hitting $37.16. 191,649 shares of the company’s stock traded hands. H&E Equipment Services has a 52-week low of $21.90 and a 52-week high of $41.51. The stock has a 50-day moving average of $36.8 and a 200-day moving average of $35.53. The company has a market cap of $1.301 billion and a price-to-earnings ratio of 28.22.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Thursday, May 1st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts predict that H&E Equipment Services will post $1.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Monday, August 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, August 21st.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.