Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.50.

Several brokerages recently issued reports on HEES. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. BidaskClub lowered shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada restated a “buy” rating on shares of H&E Equipment Services in a research note on Friday, July 28th. Finally, Bank of America Corporation began coverage on shares of H&E Equipment Services in a research note on Tuesday, September 26th. They set a “buy” rating and a $33.00 price objective for the company.

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A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in H&E Equipment Services by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 65,199 shares of the industrial products company’s stock valued at $1,331,000 after purchasing an additional 213 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in H&E Equipment Services by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 118,078 shares of the industrial products company’s stock valued at $2,410,000 after purchasing an additional 303 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in H&E Equipment Services by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,057 shares of the industrial products company’s stock valued at $512,000 after purchasing an additional 311 shares in the last quarter. Legal & General Group Plc increased its stake in H&E Equipment Services by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 317 shares in the last quarter. Finally, Wrapmanager Inc. increased its stake in H&E Equipment Services by 3.9% during the 2nd quarter. Wrapmanager Inc. now owns 10,306 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

H&E Equipment Services (HEES) opened at 28.79 on Friday. The company’s 50-day moving average is $27.86 and its 200 day moving average is $22.89. The stock has a market capitalization of $1.01 billion, a PE ratio of 25.96 and a beta of 2.65. H&E Equipment Services has a 12-month low of $12.72 and a 12-month high of $30.45.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The company had revenue of $249.40 million during the quarter, compared to analyst estimates of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. H&E Equipment Services’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, equities research analysts expect that H&E Equipment Services will post $1.20 earnings per share for the current fiscal year.

H&E Equipment Services Company Profile

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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