Alert: Positive Investment/Fundamental Signals (11/17/23)-H&E Equipment Services Inc (NASDAQ: HEES)


Recent exceptional positive changes in investment behavior have benefitted H&E Equipment Services Inc (NASDAQ: HEES): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

H&E Equipment Services Inc (NASDAQ: HEES) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, HEES is expected to continue to be a major Value Builder.

H&E Equipment Services has a current Value Trend Rating of B (Positive). 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 58 but a good Power Rating of 78, triggering the Positive Value Trend Rating.

Recent Price Action

H&E Equipment Services Inc (NASDAQ: HEES) stock closed at $47.04 on 11/17/23 after an increase of 1.6%. The stock has risen 12.2% during the last week and has been strong relative to the market over the last nine months.

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