H&E Equipment Services Inc (NASDAQ: HEES) stock enjoyed a major increase of 12.4% on 11/6/24. The shares closed at $58.34. Moreover, unusually high trading volume at 193% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 10.0% 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 F (Lowest Rating). 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 44 but a poor Power Rating of 18, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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