Neff Corp (NYSE:NEFF) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.25.

A number of research analysts have weighed in on NEFF shares. ValuEngine cut shares of Neff Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “neutral” rating on shares of Neff Corp in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Neff Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th.

Neff Corp (NYSE:NEFF) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.16). The business had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $104.35 million. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. raised its position in shares of Neff Corp by 7.1% in the first quarter. American International Group Inc. now owns 5,861 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 389 shares during the period. Globeflex Capital L P raised its position in shares of Neff Corp by 1.3% in the second quarter. Globeflex Capital L P now owns 111,543 shares of the industrial products company’s stock valued at $2,119,000 after purchasing an additional 1,443 shares during the period. Bank of New York Mellon Corp raised its position in shares of Neff Corp by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 44,072 shares of the industrial products company’s stock valued at $858,000 after purchasing an additional 1,719 shares during the period. Morgan Stanley raised its position in shares of Neff Corp by 1.8% in the first quarter. Morgan Stanley now owns 106,192 shares of the industrial products company’s stock valued at $2,065,000 after purchasing an additional 1,895 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Neff Corp by 55.5% in the first quarter. Russell Investments Group Ltd. now owns 5,968 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 2,129 shares during the period. 33.94% of the stock is currently owned by institutional investors.

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About Neff Corp

Neff Corporation is an equipment rental company. The Company offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, oil and gas, and residential construction customers. Its fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.

Analyst Recommendations for Neff Corp (NYSE:NEFF)

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