H&E Equipment Services (NASDAQ:HEES) Rating Increased to Hold at BidaskClub

H&E Equipment Services (NASDAQ:HEES) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, BidAskClub reports.

A number of other equities research analysts also recently commented on the company. Longbow Research assumed coverage on H&E Equipment Services in a research report on Friday, March 29th. They issued a “buy” rating and a $34.00 target price on the stock. UBS Group reiterated a “hold” rating and issued a $7.80 price objective on shares of Deutsche Bank in a report on Friday, April 26th. ValuEngine downgraded Wave Life Sciences from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Bank of America reiterated a “buy” rating and issued a $420.00 price objective (up previously from $400.00) on shares of Lendingtree in a report on Monday, April 29th. Finally, Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. H&E Equipment Services currently has a consensus rating of “Hold” and a consensus target price of $31.60.

NASDAQ:HEES opened at $26.85 on Wednesday. H&E Equipment Services has a 52 week low of $18.12 and a 52 week high of $40.20. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.74 and a quick ratio of 0.44. The stock has a market capitalization of $984.95 million, a P/E ratio of 12.61, a P/E/G ratio of 1.11 and a beta of 2.84. The company has a fifty day simple moving average of $27.25.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Thursday, April 25th. The industrial products company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.11. H&E Equipment Services had a return on equity of 32.93% and a net margin of 6.30%. The company had revenue of $313.60 million for the quarter, compared to the consensus estimate of $288.61 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts expect that H&E Equipment Services will post 2.47 EPS for the current year.

Several hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its holdings in shares of H&E Equipment Services by 9.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,068 shares of the industrial products company’s stock valued at $98,000 after buying an additional 428 shares during the period. Public Employees Retirement System of Ohio increased its holdings in H&E Equipment Services by 21.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,142 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 548 shares during the period. Victory Capital Management Inc. increased its holdings in H&E Equipment Services by 6.5% during the 1st quarter. Victory Capital Management Inc. now owns 22,290 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 1,366 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in H&E Equipment Services by 18.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,881 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 1,690 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in H&E Equipment Services by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 46,378 shares of the industrial products company’s stock worth $1,165,000 after purchasing an additional 1,814 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

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