H&E Equipment Services, Inc. (HEES) Receives Average Rating of “Buy” from Analysts

H&E Equipment Services, Inc. (NASDAQ:HEES) has received an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.75.

A number of brokerages have commented on HEES. ValuEngine raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Buckingham Research began coverage on H&E Equipment Services in a research report on Tuesday, November 21st. They set a “buy” rating and a $39.00 price target for the company. Zacks Investment Research raised H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Tuesday, October 31st. Finally, UBS Group lifted their price target on H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a research report on Friday, October 27th.

H&E Equipment Services (HEES) opened at $41.20 on Monday. H&E Equipment Services has a one year low of $17.44 and a one year high of $41.50. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.71 and a current ratio of 1.06. The firm has a market capitalization of $1,470.00, a price-to-earnings ratio of 40.39, a P/E/G ratio of 1.26 and a beta of 2.90.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. lifted its position in H&E Equipment Services by 12.4% during the 2nd quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock worth $48,801,000 after acquiring an additional 263,383 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of H&E Equipment Services by 5.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 285,594 shares of the industrial products company’s stock valued at $5,829,000 after buying an additional 15,795 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of H&E Equipment Services in the 3rd quarter valued at about $2,554,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of H&E Equipment Services in the 3rd quarter valued at about $2,814,000. Finally, Harvey Partners LLC lifted its holdings in shares of H&E Equipment Services by 13.0% in the 3rd quarter. Harvey Partners LLC now owns 113,000 shares of the industrial products company’s stock valued at $3,300,000 after buying an additional 13,000 shares during the period. 75.43% of the stock is owned by institutional investors.

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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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