RBC Capital Sticks to Their Buy Rating for H&E Equipment Services (HEES)

In a report issued on June 25, Seth Weber from RBC Capital maintained a Buy rating on H&E Equipment Services (HEESResearch Report), with a price target of $27.00. The company’s shares closed last Monday at $18.41.

According to TipRanks.com, Weber is a 4-star analyst with an average return of 7.5% and a 55.1% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings, Manitowoc Company, and Caterpillar.

The word on The Street in general, suggests a Hold analyst consensus rating for H&E Equipment Services with a $19.00 average price target.

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The company has a one-year high of $37.85 and a one-year low of $9.12. Currently, H&E Equipment Services has an average volume of 447.6K.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HEES in relation to earlier this year.

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H&E Equipment Services, Inc. engages in the provision of equipment services which focused 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 rents construction and industrial equipment. The New Equipment Sales segment sells new equipment in product categories. The Used Equipment Sales segment offers rental fleet and inventoried equipment that are acquired through trade-ins its equipment customers and through purchases of high quality used equipment. The Parts Sales segment consists of new and used parts for the equipment and rental fleet. The Services segment operation provides maintenance and repair services for customers equipment and to rental fleet. The company was founded by Tom Engquist and Frank Head in 1961 and is headquartered in Baton Rouge, LA.