H&E Equipment Services Inc [NASDAQ: HEES] jumped around 46.35 points on Tuesday, while shares priced at $90.29 at the close of the session, up 105.48%.
Compared to the average trading volume of 261.23K shares, HEES reached a trading volume of 13287244 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about H&E Equipment Services Inc [HEES]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HEES shares is $64.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HEES stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for H&E Equipment Services Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on June 28, 2024, representing the official price target for H&E Equipment Services Inc stock. Previously, the target price had yet another raise to $53, while B. Riley Securities analysts kept a Buy rating on HEES stock.
The Average True Range (ATR) for H&E Equipment Services Inc is set at 4.94, with the Price to Sales ratio for HEES stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 5.54, with the Price to Cash per share for the same quarter was set at 0.30.
How has HEES stock performed recently?
H&E Equipment Services Inc [HEES] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 88.22. With this latest performance, HEES shares gained by 59.23% in over the last four-week period, additionally plugging by 81.71% over the last 6 months – not to mention a rise of 86.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HEES stock in for the last two-week period is set at 84.67, with the RSI for the last a single of trading hit 89.23, and the three-weeks RSI is set at 80.71 for H&E Equipment Services Inc [HEES]. The present Moving Average for the last 50 days of trading for this stock 55.08, while it was recorded at 54.21 for the last single week of trading, and 51.02 for the last 200 days.
H&E Equipment Services Inc [HEES]: Deeper insight into the fundamentals
H&E Equipment Services Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.45 and a Current Ratio set at 1.56.
Earnings analysis for H&E Equipment Services Inc [HEES]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HEES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for H&E Equipment Services Inc go to -3.02%.
Insider trade positions for H&E Equipment Services Inc [HEES]
There are presently around $80.89%, or 92.50%% of HEES stock, in the hands of institutional investors. The top three institutional holders of HEES stocks are: VANGUARD GROUP INC with ownership of 3.82 million shares, which is approximately 10.5469%. BLACKROCK INC., holding 2.83 million shares of the stock with an approximate value of $$125.05 million in HEES stocks shares; and BLACKROCK INC., currently with $$100.31 million in HEES stock with ownership which is approximately 6.2742%.
