Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) Price Target at $71.33

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $71.33.

Separately, StockNews.com began coverage on shares of H&E Equipment Services in a research note on Friday, May 16th. They set a “hold” rating on the stock.

H&E Equipment Services Trading Down 1.4%

NASDAQ:HEES opened at $94.63 on Monday. The business’s 50-day moving average is $92.84 and its two-hundred day moving average is $78.83. The firm has a market capitalization of $3.47 billion, a PE ratio of 24.02 and a beta of 1.87. H&E Equipment Services has a 12 month low of $40.93 and a 12 month high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.63). The company 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 business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Research analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of H&E Equipment Services by 108.4% in the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. PenderFund Capital Management Ltd. bought a new stake in shares of H&E Equipment Services in the first quarter worth $45,000. Wellington Shields & Co. LLC acquired a new stake in H&E Equipment Services in the first quarter valued at $47,000. Meeder Asset Management Inc. raised its holdings in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 220 shares in the last quarter. Finally, Vestcor Inc bought a new position in H&E Equipment Services during the 1st quarter valued at $95,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

About H&E Equipment Services

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.