Significant negative changes in fundamentals have recently occurred for 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.
Significant negative changes in investment behavior have recently occurred for H&E Equipment Services Inc (NASDAQ: HEES): its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. H&E Equipment Services has a neutral Appreciation Score of 52 but a poor Power Rating of 19, leading to the Negative Value Trend Rating.
Recent Price Action
H&E Equipment Services Inc (NASDAQ: HEES) stock closed at $43.10 on 9/10/24 after a slight gain of 0.3%. However, trading volume in this advance was unusually low at 60% of normal. The stock has declined -10.5% during the last week and has been weak relative to the market over the last nine months.
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