A share price of H&E Equipment Services Inc [HEES] is currently trading at $46.61, up 1.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The HEES shares have gain 4.41% over the last week, with a monthly amount drifted -14.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On December 13, 2022, B. Riley Securities initiated with a Buy rating and assigned a price target of $53 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $55 on March 11, 2022. UBS upgraded its rating to a Buy and raised its price target to $48 on March 08, 2022. BofA Securities upgraded its rating to Buy for this stock on November 20, 2020, but kept the price target unchanged to $35. In a note dated April 13, 2020, BofA/Merrill downgraded an Underperform rating on this stock but restated the target price of $14.
H&E Equipment Services Inc experienced fluctuations in its stock price throughout the past year between $38.06 and $66.18. Currently, Wall Street analysts expect the stock to reach $58 within the next 12 months. H&E Equipment Services Inc [NASDAQ: HEES] shares were valued at $46.61 at the most recent close of the market. An investor can expect a potential return of 24.44% based on the average HEES price forecast.
Analyzing the HEES fundamentals
Trailing Twelve Months sales for H&E Equipment Services Inc [NASDAQ:HEES] were 1.53B which represents 4.46% growth. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.3 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.89 points at the first support level, and at 45.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.16, and for the 2nd resistance point, it is at 47.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for H&E Equipment Services Inc [NASDAQ:HEES] is 1.49. On the other hand, the Quick Ratio is 1.38, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 10.50.
Transactions by insiders
Recent insider trading involved Barber Bradley W, CEO, that happened on Mar 26 ’24 when 12425.0 shares were sold. CEO, Barber Bradley W completed a deal on Mar 22 ’24 to sell 11483.0 shares. Meanwhile, CEO Barber Bradley W sold 1092.0 shares on Mar 25 ’24.
