H&E Equipment Services, Inc. (NASDAQ:HEES) Given Average Recommendation of "Hold" by Brokerages

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $71.33.

Separately, Wall Street Zen started coverage on shares of H&E Equipment Services in a report on Friday, May 16th. They issued a "hold" rating for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in 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 during the period. PenderFund Capital Management Ltd. bought a new position in H&E Equipment Services in the 1st quarter valued at $45,000. Wellington Shields & Co. LLC bought a new position in H&E Equipment Services in the 1st quarter valued at $47,000. Vestcor Inc bought a new position in H&E Equipment Services in the 1st quarter valued at $95,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in H&E Equipment Services in the 1st quarter valued at $104,000. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Performance

HEES traded down $0.32 on Monday, hitting $94.64. The company's stock had a trading volume of 247,827 shares, compared to its average volume of 564,747. The company's 50 day simple moving average is $92.88 and its 200-day simple moving average is $79.58. The firm has a market cap of $3.47 billion, a P/E 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 quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings data 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 business had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm's quarterly revenue was down 13.9% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. Analysts forecast that H&E Equipment Services will post 3.25 EPS for the current year.

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.