Zacks Upgrades H&E Equipment Services to “Neutral” (HEES)
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.
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