H&E Equipment Services (NASDAQ:HEES) Receives "Buy" Rating from B. Riley

H&E Equipment Services (NASDAQ:HEES - Get Free Report)'s stock had its "buy" rating reiterated by B. Riley in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $60.00 target price on the industrial products company's stock, down from their previous target price of $62.00. B. Riley's target price would suggest a potential upside of 13.36% from the stock's current price.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus cut their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. UBS Group reduced their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, August 14th. Finally, KeyCorp began coverage on H&E Equipment Services in a report on Friday, August 9th. They issued a "sector weight" rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services Trading Down 0.2 %

NASDAQ HEES traded down $0.09 during trading on Wednesday, hitting $52.93. The stock had a trading volume of 389,925 shares, compared to its average volume of 272,260. H&E Equipment Services has a one year low of $39.79 and a one year high of $66.18. The stock has a 50 day simple moving average of $48.75 and a 200 day simple moving average of $48.46. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 11.71 and a beta of 1.84. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 0.61.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. H&E Equipment Services's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. Sell-side analysts predict that H&E Equipment Services will post 3.52 earnings per share for the current year.

Hedge Funds Weigh In On H&E Equipment Services

Large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in H&E Equipment Services during the 2nd quarter valued at $37,000. CWM LLC grew its stake in H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 278 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in H&E Equipment Services in the first quarter worth about $62,000. Meeder Asset Management Inc. purchased a new stake in shares of H&E Equipment Services during the second quarter valued at about $65,000. Finally, Quest Partners LLC bought a new stake in shares of H&E Equipment Services in the 2nd quarter valued at about $109,000. Institutional investors own 84.08% of the company's stock.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.