Neff Corporation (NYSE:NEFF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $21.75 and last traded at $21.60, with a volume of 514,416 shares trading hands. The stock had previously closed at $21.15.

A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Neff Corporation in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Neff Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine downgraded shares of Neff Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $18.00 price target (up previously from $8.50) on shares of Neff Corporation in a research note on Tuesday, June 6th. Finally, Morgan Stanley upped their price target on shares of Neff Corporation from $16.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Neff Corporation presently has an average rating of “Hold” and a consensus price target of $20.17.

The firm’s 50 day moving average is $19.95 and its 200 day moving average is $17.89. The stock has a market cap of $192.96 million, a price-to-earnings ratio of 15.56 and a beta of 3.41.

Neff Corporation (NYSE:NEFF) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.16. The company had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $104.35 million. Neff Corporation had a net margin of 3.26% and a negative return on equity of 9.21%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. On average, analysts expect that Neff Corporation will post $1.71 EPS for the current year.

A number of hedge funds have recently modified their holdings of the company. American International Group Inc. raised its stake in shares of Neff Corporation by 7.1% in the first quarter. American International Group Inc. now owns 5,861 shares of the industrial products company’s stock worth $114,000 after buying an additional 389 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Neff Corporation by 55.5% in the first quarter. Russell Investments Group Ltd. now owns 5,968 shares of the industrial products company’s stock worth $116,000 after buying an additional 2,129 shares during the period. Bank of America Corp DE raised its stake in shares of Neff Corporation by 74.8% in the first quarter. Bank of America Corp DE now owns 7,342 shares of the industrial products company’s stock worth $143,000 after buying an additional 3,142 shares during the period. Nationwide Fund Advisors raised its stake in shares of Neff Corporation by 38.6% in the first quarter. Nationwide Fund Advisors now owns 8,678 shares of the industrial products company’s stock worth $169,000 after buying an additional 2,416 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Neff Corporation during the first quarter worth about $176,000. Institutional investors own 86.50% of the company’s stock.

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Neff Corporation Company Profile

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.

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