H&E Equipment Services (HEES) : The consensus on H&E Equipment Services (HEES) based on 5 analyst recommendation on the company stock is 2.4, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
H&E Equipment Services (HEES) : Currently there are 3 street experts covering H&E Equipment Services (HEES) stock. The most bullish and bearish price target for the stock is $28 and $15 respectively for the short term. The average price target of all the analysts comes to $21. The estimated standard deviation from the target is $6.56.
H&E Equipment Services (NASDAQ:HEES): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.90 and $17.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.14, notching a gain of 0.44% for the day. The total traded volume was 234,096 . The stock had closed at $18.06 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Avondale Partners, maintains their rating on the shares of H&E Equipment Services (NASDAQ:HEES). Avondale Partners has a Market Perform rating on the shares. As per the latest research report, the brokerage house raises the price target to $18 per share from a prior target of $13. The rating by the firm was issued on April 18, 2016. The company shares have rallied 7.69% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $25.82 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $19.21 and the 200 Day Moving Average price is recorded at $16.78.
H&E Equipment Services Inc. (H&E) is focused on heavy construction and industrial equipment. The Company rents, sells and provides parts and services support for four categories of equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment; and industrial lift trucks. H&E is engaged in five business activities under equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. It rents heavy construction and industrial equipment to customers on a daily, weekly and monthly basis. H&E sells used equipment primarily from its rental fleet, as well as inventoried equipment. It sells new and used parts to customers and also provides parts to its own rental fleet. It maintains an in-house parts inventory in order to provide timely parts and service support to its customers , as well as to its own rental fleet. H&E provides maintenance and repair services for its customers owned equipment and to its own rental fleet.