Shares of H&E Equipment Services, Inc. (NASDAQ:HEES – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.25.
Several brokerages have recently issued reports on HEES. B. Riley reaffirmed a “buy” rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. StockNews.com started coverage on shares of H&E Equipment Services in a report on Sunday. They set a “hold” rating for the company. Finally, UBS Group reiterated a “neutral” rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th.
Get Our Latest Research Report on H&E Equipment Services
Institutional Investors Weigh In On H&E Equipment Services
H&E Equipment Services Price Performance
H&E Equipment Services stock opened at $86.80 on Friday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 22.03 and a beta of 1.93. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $90.66. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The business’s 50-day simple moving average is $65.73 and its 200 day simple moving average is $55.91.
H&E Equipment Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is currently 27.92%.
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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.
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