Analysts Set H&E Equipment Services, Inc. (NASDAQ:HEES) PT at $71.33

H&E Equipment Services, Inc. (NASDAQ:HEESGet Free Report) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $71.33.

Separately, Wall Street Zen assumed coverage on shares of H&E Equipment Services in a research report on Friday, May 16th. They set a “hold” rating for the company.

View Our Latest Report on HEES

Institutional Investors Weigh In On H&E Equipment Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in shares of H&E Equipment Services in the 4th quarter worth about $359,000. Handelsbanken Fonder AB lifted its position in shares of H&E Equipment Services by 17.7% in the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,000 shares during the period. Northern Trust Corp lifted its position in shares of H&E Equipment Services by 9.2% in the 4th quarter. Northern Trust Corp now owns 330,310 shares of the industrial products company’s stock worth $16,172,000 after purchasing an additional 27,758 shares during the period. Intech Investment Management LLC lifted its position in shares of H&E Equipment Services by 144.0% in the 4th quarter. Intech Investment Management LLC now owns 17,179 shares of the industrial products company’s stock worth $841,000 after purchasing an additional 10,138 shares during the period. Finally, Invesco Ltd. lifted its position in shares of H&E Equipment Services by 89.8% in the 4th quarter. Invesco Ltd. now owns 153,291 shares of the industrial products company’s stock worth $7,505,000 after purchasing an additional 72,539 shares during the period. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

Shares of HEES opened at $94.64 on Friday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 24.02 and a beta of 1.87. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The firm has a fifty day simple moving average of $92.92 and a two-hundred day simple moving average of $83.52. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28.

H&E Equipment Services (NASDAQ:HEESGet Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.63). The firm had revenue of $319.46 million for the quarter, compared to analysts’ expectations of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. On average, research analysts anticipate that H&E Equipment Services will post 3.25 EPS for the current year.

About H&E Equipment Services

(Get Free Report

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.

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Analyst Recommendations for H&E Equipment Services (NASDAQ:HEES)

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