Neff Corp (NEFF) Upgraded to Buy at Bank of America Corp
Bank of America Corp upgraded shares of Neff Corp (NYSE:NEFF) from an underperform rating to a buy rating in a report published on Wednesday. Bank of America Corp currently has $20.00 price target on the stock.
Separately, Jefferies Group LLC restated a hold rating and set a $14.00 price objective on shares of Neff Corp in a report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Neff Corp presently has a consensus rating of Hold and an average target price of $13.00.
Shares of Neff Corp (NYSE:NEFF) opened at 17.55 on Wednesday. The firm has a 50 day moving average of $15.66 and a 200 day moving average of $12.55. The firm has a market cap of $155.48 million, a price-to-earnings ratio of 15.81 and a beta of 3.65. Neff Corp has a 52 week low of $6.32 and a 52 week high of $17.80.
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Neff Corp (NYSE:NEFF) last announced its earnings results on Thursday, March 2nd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by $0.03. The firm earned $102.30 million during the quarter, compared to the consensus estimate of $102.32 million. Neff Corp had a negative return on equity of 8.08% and a net margin of 2.32%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. Equities analysts predict that Neff Corp will post $1.57 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of NEFF. Numeric Investors LLC raised its stake in shares of Neff Corp by 171.1% in the fourth quarter. Numeric Investors LLC now owns 64,478 shares of the company’s stock valued at $909,000 after buying an additional 40,693 shares during the period. Renaissance Technologies LLC raised its stake in shares of Neff Corp by 432.8% in the fourth quarter. Renaissance Technologies LLC now owns 100,700 shares of the company’s stock valued at $1,420,000 after buying an additional 81,800 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Neff Corp during the fourth quarter valued at $152,000. Dimensional Fund Advisors LP raised its stake in shares of Neff Corp by 39.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 85,796 shares of the company’s stock valued at $1,210,000 after buying an additional 24,221 shares during the period. Finally, State Street Corp raised its stake in shares of Neff Corp by 9.8% in the fourth quarter. State Street Corp now owns 141,751 shares of the company’s stock valued at $1,999,000 after buying an additional 12,671 shares during the period. Institutional investors and hedge funds own 79.92% of the company’s stock.
Neff Corp Company Profile
Neff Corporation is an equipment rental company. The Company offers various equipment rental solutions for its customer base, including non-residential construction, oil and gas, and residential construction customers. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.
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