Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate H&E; Equipment Services, Inc. before investing.

In this article, we go over a few key elements for understanding H&E; Equipment Services, Inc.’s stock price such as:

• H&E; Equipment Services, Inc.’s current stock price and volume
• Why H&E; Equipment Services, Inc.’s stock price changed recently
• Upgrades and downgrades for HEES from analysts
• HEES’s stock price momentum as measured by its relative strength

About H&E; Equipment Services, Inc. (HEES)

Before we jump into H&E; Equipment Services, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

H&E; Equipment Services, Inc. is a rental equipment company. The Company’s segments include Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales and Repair and Maintenance Services. Equipment rentals segment includes rental operations and primarily rents core types of construction and industrial equipment. Sales of Rental Equipment segment used sales are generated primarily from sales from its rental fleet. Sales of New Equipment segment sells equipment through a professional sales force. Parts Sales segment provides parts for its own rental fleet and sells parts for the equipment it sells. Services segment includes maintenance and repair services for its own rental fleet and for its customers’ equipment at its facilities as well as at its customers’ locations. It operates 145 branch locations across 30 states. It serves branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.

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H&E; Equipment Services, Inc.’s Stock Price as of Market Close

As of June 14, 2024, 4:00 PM, CST, H&E; Equipment Services, Inc.’s stock price was $42.97.

H&E; Equipment Services, Inc. is down 4.6% from its previous closing price of $45.04.

During the last market session, H&E; Equipment Services, Inc.’s stock traded between $44.40 and $45.52. Currently, there are 36.20 million shares of H&E; Equipment Services, Inc. stock available for purchase.

H&E; Equipment Services, Inc.’s price-earnings (P/E) ratio is currently at 9.7, which is low compared to the Business Support Services industry median of 20.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

H&E; Equipment Services, Inc. Stock Price History

H&E; Equipment Services, Inc.’s (HEES) price is currently down 9.29% so far this month.

During the month of June, H&E; Equipment Services, Inc.’s stock price has reached a high of $48.04 and a low of $42.44.

Over the last year, H&E; Equipment Services, Inc. has hit prices as high as $66.18 and as low as $38.06. Year to date, H&E; Equipment Services, Inc.’s stock is down 5.35%.

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What Caused H&E; Equipment Services, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 13, 2024, there were 5 analysts who downgraded H&E; Equipment Services, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate H&E; Equipment Services, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on H&E; Equipment Services, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

H&E; Equipment Services, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about H&E; Equipment Services, Inc. (HEES) by visiting AAII Stock Evaluator.

Relative Price Strength of H&E; Equipment Services, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 13, 2024, H&E; Equipment Services, Inc. has a weighted four-quarter relative price strength of -7.71%, which translates to a Momentum Score of 42 and is considered to be Average.

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H&E; Equipment Services, Inc. Stock Price: Bottom Line

As of June 14, 2024, H&E; Equipment Services, Inc.’s stock price is $42.97, which is down 4.6% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like H&E; Equipment Services, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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