H&E Equipment Services (NASDAQ:HEES) Given “Buy” Rating at B. Riley

H&E Equipment Services (NASDAQ:HEES)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $60.00 price target on the industrial products company’s stock, down from their previous price target of $62.00. B. Riley’s target price would suggest a potential upside of 13.21% from the company’s previous close.

Several other analysts have also issued reports on the stock. KeyCorp started coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Stifel Nicolaus cut their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, UBS Group decreased their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, H&E Equipment Services has a consensus rating of “Moderate Buy” and an average price target of $61.25.

H&E Equipment Services Stock Performance

Shares of HEES stock traded down $0.02 on Wednesday, reaching $53.00. The stock had a trading volume of 144,290 shares, compared to its average volume of 271,090. 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 has a 1 year low of $39.79 and a 1 year high of $66.18. The stock has a market cap of $1.94 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 11.71 and a beta of 1.84. The company has a 50 day simple moving average of $48.75 and a 200 day simple moving average of $48.46.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 earnings per share. Equities research analysts expect that H&E Equipment Services will post 3.52 EPS for the current year.

Institutional Investors Weigh In On H&E Equipment Services

Several large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in H&E Equipment Services in the second quarter worth $37,000. CWM LLC lifted its holdings in shares of H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 278 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of H&E Equipment Services during the 1st quarter worth about $62,000. Meeder Asset Management Inc. purchased a new position in shares of H&E Equipment Services during the 2nd quarter worth about $65,000. Finally, Quest Partners LLC bought a new position in H&E Equipment Services during the 2nd quarter valued at about $109,000. 84.08% of the stock is owned by institutional investors.

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.