Stock Rating Downgrade
Recently the Value Trend Rating for H&E Equipment Services Inc (NASDAQ: HEES) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/9/24, H&E Equipment Services Inc (NASDAQ: HEES) stock declined modestly by -1.7%, closing at $44.68. However, exceptionally low trading volume at 43% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -8.4% during the last week.
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 D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. H&E Equipment Services has a neutral Appreciation Score of 48 but a poor Power Rating of 23, leading to the Negative Value Trend Rating.
Be the first to comment