Neff Corp (NYSE:NEFF) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.25.

A number of research firms have issued reports on NEFF. ValuEngine lowered shares of Neff Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Neff Corp in a research note on Thursday, August 3rd.

Neff Corp (NYSE:NEFF) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16). The business had revenue of $104.10 million for the quarter, compared to the consensus estimate of $104.35 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. grew its stake in shares of Neff Corp by 7.1% during the 1st quarter. American International Group Inc. now owns 5,861 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 389 shares during the period. Globeflex Capital L P grew its stake in Neff Corp by 1.3% in the 2nd quarter. Globeflex Capital L P now owns 111,543 shares of the industrial products company’s stock valued at $2,119,000 after acquiring an additional 1,443 shares during the period. Bank of New York Mellon Corp grew its stake in Neff Corp by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 44,072 shares of the industrial products company’s stock valued at $858,000 after acquiring an additional 1,719 shares during the period. Morgan Stanley grew its stake in Neff Corp by 1.8% in the 1st quarter. Morgan Stanley now owns 106,192 shares of the industrial products company’s stock valued at $2,065,000 after acquiring an additional 1,895 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Neff Corp by 55.5% in the 1st quarter. Russell Investments Group Ltd. now owns 5,968 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 2,129 shares during the period. 33.94% of the stock is currently owned by institutional investors and hedge funds.

Neff Corp Company Profile

Neff Corporation is an equipment rental company. The Company offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, oil and gas, and residential construction customers. Its fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.

Analyst Recommendations for Neff Corp (NYSE:NEFF)

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