Stock analysts at Buckingham Research initiated coverage on shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in a report issued on Tuesday. The brokerage set a “buy” rating and a $39.00 price target on the industrial products company’s stock. Buckingham Research’s price target suggests a potential upside of 7.26% from the company’s previous close.

HEES has been the subject of a number of other research reports. Zacks Investment Research raised H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Tuesday, October 31st. UBS AG increased their target price on H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a report on Friday, October 27th. ValuEngine cut H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Bank of America Corporation started coverage on H&E Equipment Services in a report on Tuesday, September 26th. They set a “buy” rating and a $33.00 target price for the company. Finally, BidaskClub cut H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.40.

H&E Equipment Services (NASDAQ HEES) traded up $1.60 during midday trading on Tuesday, reaching $36.36. The company had a trading volume of 350,372 shares, compared to its average volume of 311,696. The firm has a market cap of $1,290.00, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.39 and a beta of 2.88. H&E Equipment Services has a 12 month low of $17.02 and a 12 month high of $35.19. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 5.29.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.32. The company had revenue of $259.16 million during the quarter, compared to analysts’ expectations of $252.94 million. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. H&E Equipment Services’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. equities analysts anticipate that H&E Equipment Services will post 1.6 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in shares of H&E Equipment Services by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 461 shares in the last quarter. Legal & General Group Plc grew its position in shares of H&E Equipment Services by 4.3% in the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of H&E Equipment Services by 304.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 5,871 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $159,000. Finally, Great West Life Assurance Co. Can grew its position in shares of H&E Equipment Services by 223.0% in the third quarter. Great West Life Assurance Co. Can now owns 5,898 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 4,072 shares in the last quarter. Institutional investors and hedge funds own 71.83% of the company’s stock.

About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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