H&E Equipment Services, Inc. (HEES) Given Average Recommendation of “Buy” by Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.75.

A number of equities analysts have recently issued reports on HEES shares. ValuEngine upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Buckingham Research started coverage on H&E Equipment Services in a report on Tuesday, November 21st. They issued a “buy” rating and a $39.00 target price for the company. Finally, UBS Group lifted their target price on H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a report on Friday, October 27th.

Shares of H&E Equipment Services (NASDAQ HEES) traded down $1.56 on Monday, hitting $35.73. The stock had a trading volume of 307,847 shares, compared to its average volume of 244,893. H&E Equipment Services has a 52 week low of $17.44 and a 52 week high of $41.72. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $1,270.00, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 1.20 and a beta of 2.59.

A number of hedge funds have recently modified their holdings of the business. Emerald Advisers Inc. PA increased its holdings in H&E Equipment Services by 26.2% in the fourth quarter. Emerald Advisers Inc. PA now owns 546,691 shares of the industrial products company’s stock worth $22,223,000 after purchasing an additional 113,621 shares in the last quarter. Tygh Capital Management Inc. increased its holdings in H&E Equipment Services by 22.9% in the fourth quarter. Tygh Capital Management Inc. now owns 382,503 shares of the industrial products company’s stock worth $15,549,000 after purchasing an additional 71,210 shares in the last quarter. American Century Companies Inc. bought a new stake in H&E Equipment Services in the fourth quarter worth approximately $3,665,000. Victory Capital Management Inc. increased its holdings in H&E Equipment Services by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,979,548 shares of the industrial products company’s stock worth $80,469,000 after purchasing an additional 114,533 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of H&E Equipment Services during the fourth quarter valued at approximately $2,700,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

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About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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