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

H&E Equipment Services, Inc. (NASDAQ:HEES) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.75.

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

H&E Equipment Services (NASDAQ:HEES) traded down $1.56 during midday trading on Monday, hitting $35.73. The stock had a trading volume of 307,847 shares, compared to its average volume of 244,893. 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. H&E Equipment Services has a 52-week low of $17.44 and a 52-week high of $41.72. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.71 and a current ratio of 1.06.

Several large investors have recently made changes to their positions in HEES. Emerald Advisers Inc. PA purchased a new position in shares of H&E Equipment Services during the third quarter valued at approximately $12,646,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of H&E Equipment Services during the third quarter valued at approximately $11,428,000. Tygh Capital Management Inc. purchased a new position in shares of H&E Equipment Services during the third quarter valued at approximately $9,090,000. Macquarie Group Ltd. boosted its position in shares of H&E Equipment Services by 12.4% during the second quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock valued at $48,801,000 after buying an additional 263,383 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of H&E Equipment Services by 60.1% during the third quarter. Systematic Financial Management LP now owns 679,285 shares of the industrial products company’s stock valued at $19,835,000 after buying an additional 254,985 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

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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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