H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $61.25 Consensus Target Price from Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $61.25.

HEES has been the subject of several research reports. UBS Group decreased their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. KeyCorp started coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. Stifel Nicolaus dropped their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday.

H&E Equipment Services Stock Performance

H&E Equipment Services stock opened at $51.90 on Thursday. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $66.18. The stock’s 50 day simple moving average is $49.06 and its two-hundred day simple moving average is $48.37. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.64. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 11.93 and a beta of 1.82.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). The firm had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. As a group, analysts expect that H&E Equipment Services will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s payout ratio is 27.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in H&E Equipment Services in the 2nd quarter worth about $37,000. CWM LLC lifted its position in H&E Equipment Services by 42.5% during 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 period. Fidelis Capital Partners LLC purchased a new stake in H&E Equipment Services in the first quarter worth approximately $62,000. Meeder Asset Management Inc. bought a new stake in H&E Equipment Services in the 2nd quarter worth approximately $65,000. Finally, Quest Partners LLC purchased a new stake in H&E Equipment Services during the 2nd quarter valued at $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.