H&E Equipment Services Receives a Hold from UBS

By George MacDonald

UBS analyst Steven Fisher reiterated a Hold rating on H&E Equipment Services (NASDAQ: HEES) today and set a price target of $28. The company’s shares opened today at $26.67.

H&E Equipment Services has an analyst consensus of Hold, with a price target consensus of $21.

Based on H&E Equipment Services` latest earnings report from September 30, the company posted quarterly revenue of $275M and quarterly net profit of $15.3M. In comparison, last year the company earned revenue of $259.6M and had a net profit of $14.6M.

According to TipRanks, Fisher is a 4-star analyst with an average return of 9.3% and a 61.4% success rate. Fisher covers the Industrial Goods sector, focusing on stocks such as Layne Christensen Company, Babcock & Wilcox Company, and Illinois Tool Works.

H&E Equipment Services, Inc. rents, sells and provides parts and service support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment; and industrial lift trucks.