Recent important negative changes in fundamentals have affected H&E Equipment Services Inc (NASDAQ: HEES): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in H&E Equipment Services Inc (NASDAQ: HEES) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HEES is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
H&E Equipment Services has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. H&E Equipment Services has a neutral Appreciation Score of 47 but a poor Power Rating of 26, with the Neutral Value Trend Rating the result.
Recent Price Action
H&E Equipment Services Inc (NASDAQ: HEES) stock declined modestly by -1.5% on 8/5/24. The stock closed at $45.32. Moreover, above average trading volume at 144% of normal accompanied the decline. The stock has declined -14.9% during the last week and has been weak relative to the market over the last nine months.
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