H&E Equipment Services (HEES) Stock Forecast, Price Target & Predictions
HEES Stock Forecast
H&E Equipment Services stock forecast is as follows: an average price target of $58.00 (represents a 32.97% upside from HEES’s last price of $43.62) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
HEES Price Target
The average price target for H&E Equipment Services (HEES) is $58.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $71.00 to $46.00. This represents a potential 32.97% upside from HEES's last price of $43.62.
HEES Analyst Ratings
According to 4 Wall Street analysts, H&E Equipment Services's rating consensus is 'Buy'. The analyst rating breakdown for HEES stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 2 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
H&E Equipment Services Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 01, 2024 | Alex Rygiel | B.Riley Financial | $71.00 | $44.79 | 58.52% | 62.77% |
| Jan 10, 2023 | - | Wells Fargo | $57.00 | $47.43 | 20.18% | 30.67% |
| Aug 03, 2022 | - | UBS | $46.00 | $34.45 | 33.53% | 5.46% |
The latest H&E Equipment Services stock forecast, released on May 01, 2024 by Alex Rygiel from B.Riley Financial, set a price target of $71.00, which represents a 58.52% increase from the stock price at the time of the forecast ($44.79), and a 62.77% increase from HEES last price ($43.62).
H&E Equipment Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $71.00 |
| Last Closing Price | $43.62 | $43.62 | $43.62 |
| Upside/Downside | -100.00% | -100.00% | 62.77% |
In the current month, the average price target of H&E Equipment Services stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to H&E Equipment Services's last price of $43.62. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | KeyBanc | - | Sector Weight | Initialise |
| Jun 27, 2024 | Raymond James | - | Market Perform | Initialise |
| Jan 10, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 03, 2022 | UBS | Buy | Buy | Hold |
H&E Equipment Services's last stock rating was published by KeyBanc on Aug 09, 2024. The company Initialise its HEES rating from "null" to "Sector Weight".
H&E Equipment Services Financial Forecast
H&E Equipment Services Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $400.70M | $360.23M | $322.48M | $353.12M | $324.28M | - | $272.45M | $281.25M | $275.44M | $315.76M | $278.44M | $315.60M | $289.26M | $278.34M | $285.92M | $348.13M | $353.00M |
| Avg Forecast | $417.95M | $416.81M | $414.07M | $389.94M | $413.06M | $408.71M | $394.70M | $372.83M | $380.03M | $388.18M | $382.05M | $352.52M | $382.58M | $382.33M | $344.84M | $307.11M | $339.32M | $303.96M | $293.40M | $261.91M | $265.18M | $319.61M | $300.71M | $266.37M | $291.34M | $279.68M | $265.32M | $302.79M | $340.92M | $340.34M |
| High Forecast | $425.29M | $424.13M | $421.34M | $396.79M | $420.31M | $415.89M | $401.64M | $379.38M | $386.71M | $391.29M | $388.76M | $358.71M | $390.62M | $401.02M | $350.90M | $312.50M | $345.28M | $309.30M | $293.40M | $267.42M | $270.77M | $326.34M | $307.04M | $271.97M | $297.47M | $285.57M | $270.90M | $309.17M | $348.09M | $347.51M |
| Low Forecast | $411.17M | $410.04M | $407.34M | $383.61M | $406.35M | $402.07M | $388.30M | $366.78M | $373.86M | $386.33M | $375.85M | $346.80M | $374.54M | $367.35M | $339.25M | $302.12M | $333.81M | $299.03M | $293.40M | $255.48M | $258.67M | $311.77M | $293.33M | $259.83M | $284.19M | $272.81M | $258.80M | $295.36M | $332.55M | $331.99M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.04% | 1.05% | 1.04% | 1.07% | - | 1.04% | 1.06% | 0.86% | 1.05% | 1.05% | 1.08% | 1.03% | 1.05% | 0.94% | 1.02% | 1.04% |
H&E Equipment Services's average Quarter revenue forecast for Dec 23 based on 2 analysts is $382.58M, with a low forecast of $374.54M, and a high forecast of $390.62M. HEES's average Quarter revenue forecast represents a -4.52% decrease compared to the company's last Quarter revenue of $400.70M (Sep 23).
H&E Equipment Services EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $79.21M | $69.54M | $47.76M | $68.83M | $138.89M | - | $102.05M | $109.88M | $112.31M | $101.63M | $82.42M | $56.78M | $98.61M | $95.19M | $37.15M | $114.48M | $127.45M |
| Avg Forecast | $83.37M | $83.15M | $82.60M | $77.79M | $82.40M | $81.53M | $78.74M | $74.37M | $75.81M | $77.43M | $76.21M | $86.83M | $76.32M | $76.27M | $68.79M | $78.93M | $67.69M | $75.64M | $58.53M | $62.40M | $78.14M | $68.76M | $94.01M | $104.40M | $34.41M | $105.18M | $52.93M | $42.46M | $78.60M | $106.84M |
| High Forecast | $84.84M | $84.61M | $84.05M | $79.15M | $83.85M | $82.96M | $80.12M | $75.68M | $77.14M | $78.06M | $77.55M | $104.19M | $77.92M | $80.00M | $70.00M | $94.72M | $68.88M | $90.76M | $58.53M | $74.88M | $93.77M | $82.51M | $112.81M | $125.28M | $41.29M | $126.21M | $54.04M | $50.95M | $94.32M | $128.20M |
| Low Forecast | $82.02M | $81.80M | $81.26M | $76.52M | $81.06M | $80.21M | $77.46M | $73.17M | $74.58M | $77.07M | $74.98M | $69.46M | $74.71M | $73.28M | $67.67M | $63.15M | $66.59M | $60.51M | $58.53M | $49.92M | $62.51M | $55.01M | $75.21M | $83.52M | $27.53M | $84.14M | $51.63M | $33.97M | $62.88M | $85.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.01% | 0.61% | 1.02% | 1.84% | - | 1.64% | 1.41% | 1.63% | 1.08% | 0.79% | 1.65% | 0.94% | 1.80% | 0.88% | 1.46% | 1.19% |
2 analysts predict HEES's average Quarter EBITDA for Dec 23 to be $76.32M, with a high of $77.92M and a low of $74.71M. This is -3.66% lower than H&E Equipment Services's previous annual EBITDA (Sep 23) of $79.21M.
H&E Equipment Services Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $48.88M | $41.22M | $25.67M | $51.15M | $38.38M | - | $16.30M | $21.73M | $24.73M | $15.77M | $4.15M | $-14.62M | $10.10M | $8.81M | $-36.97M | $21.92M | $28.43M |
| Avg Forecast | $42.09M | $45.01M | $36.36M | $27.86M | $45.20M | $46.85M | $37.77M | $28.44M | $34.10M | $36.63M | $37.46M | $13.68M | $44.35M | $49.36M | $37.20M | $12.44M | $36.38M | $16.65M | $20.45M | $9.83M | $15.45M | $15.14M | $14.58M | $5.26M | $-8.86M | $10.78M | $37.02M | $-42.25M | $15.05M | $23.83M |
| High Forecast | $43.05M | $46.04M | $37.19M | $28.50M | $46.23M | $47.92M | $38.63M | $29.09M | $34.88M | $39.65M | $38.32M | $16.41M | $50.63M | $55.21M | $38.05M | $14.92M | $37.21M | $19.98M | $20.45M | $11.80M | $18.54M | $18.17M | $17.50M | $6.31M | $-7.09M | $12.93M | $44.43M | $-33.80M | $18.06M | $28.60M |
| Low Forecast | $41.20M | $44.06M | $35.59M | $27.28M | $44.25M | $45.87M | $36.97M | $27.84M | $33.38M | $34.74M | $36.67M | $10.94M | $35.11M | $42.42M | $36.41M | $9.95M | $35.62M | $13.32M | $20.45M | $7.86M | $12.36M | $12.11M | $11.67M | $4.21M | $-10.63M | $8.62M | $29.62M | $-50.70M | $12.04M | $19.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.11% | 2.06% | 1.41% | 2.30% | - | 1.66% | 1.41% | 1.63% | 1.08% | 0.79% | 1.65% | 0.94% | 0.24% | 0.88% | 1.46% | 1.19% |
H&E Equipment Services's average Quarter net income forecast for Dec 23 is $44.35M, with a range of $35.11M to $50.63M. HEES's average Quarter net income forecast represents a -9.27% decrease compared to the company's last Quarter net income of $48.88M (Sep 23).
H&E Equipment Services SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $104.22M | $99.26M | $95.33M | $94.48M | $87.87M | - | $78.28M | $76.87M | $74.40M | $77.01M | $73.95M | $71.74M | $70.04M | $67.86M | $79.62M | $77.24M | $77.30M |
| Avg Forecast | $108.94M | $108.65M | $107.93M | $101.64M | $107.67M | $106.53M | $102.88M | $97.18M | $99.06M | $101.18M | $99.59M | $65.71M | $99.72M | $99.66M | $89.89M | $59.73M | $88.45M | $50.11M | $76.48M | $47.22M | $54.66M | $45.55M | $71.23M | $93.67M | $43.48M | $74.71M | $69.16M | $91.00M | $53.03M | $64.79M |
| High Forecast | $110.86M | $110.55M | $109.83M | $103.43M | $109.56M | $108.41M | $104.69M | $98.89M | $100.80M | $101.99M | $101.34M | $78.85M | $101.82M | $104.53M | $91.47M | $71.68M | $90.00M | $60.13M | $76.48M | $56.66M | $65.60M | $54.66M | $85.48M | $112.41M | $52.17M | $89.65M | $70.61M | $109.20M | $63.64M | $77.75M |
| Low Forecast | $107.18M | $106.88M | $106.18M | $99.99M | $105.92M | $104.81M | $101.21M | $95.61M | $97.45M | $100.70M | $97.97M | $52.56M | $97.63M | $95.75M | $88.43M | $47.79M | $87.01M | $40.09M | $76.48M | $37.78M | $43.73M | $36.44M | $56.98M | $74.94M | $34.78M | $59.77M | $67.46M | $72.80M | $42.43M | $51.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.10% | 1.60% | 1.07% | 1.75% | - | 1.66% | 1.41% | 1.63% | 1.08% | 0.79% | 1.65% | 0.94% | 0.98% | 0.88% | 1.46% | 1.19% |
H&E Equipment Services's average Quarter SG&A projection for Dec 23 is $99.72M, based on 2 Wall Street analysts, with a range of $97.63M to $101.82M. The forecast indicates a -4.31% fall compared to HEES last annual SG&A of $104.22M (Sep 23).
H&E Equipment Services EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.35 | - | $0.71 | $1.42 | $1.05 | - | $0.45 | $0.60 | $0.81 | $0.44 | $0.11 | $-0.40 | $0.28 | $0.24 | $-1.03 | $0.61 | $0.79 |
| Avg Forecast | $1.15 | $1.23 | $1.00 | $0.76 | $1.24 | $1.28 | $1.04 | $0.78 | $0.94 | $1.00 | $1.03 | $0.78 | $1.22 | $1.35 | $1.02 | $0.65 | $1.00 | $0.83 | $0.56 | $0.32 | $0.45 | $0.49 | $0.40 | $0.15 | $0.33 | $0.30 | $-0.09 | $0.32 | $0.67 | $0.68 |
| High Forecast | $1.18 | $1.26 | $1.02 | $0.78 | $1.27 | $1.31 | $1.06 | $0.80 | $0.96 | $1.09 | $1.05 | $0.80 | $1.39 | $1.51 | $1.04 | $0.66 | $1.02 | $0.85 | $0.56 | $0.33 | $0.47 | $0.50 | $0.41 | $0.15 | $0.34 | $0.31 | $-0.09 | $0.32 | $0.69 | $0.70 |
| Low Forecast | $1.13 | $1.21 | $0.98 | $0.75 | $1.21 | $1.26 | $1.01 | $0.76 | $0.92 | $0.95 | $1.01 | $0.76 | $0.96 | $1.16 | $1.00 | $0.63 | $0.98 | $0.81 | $0.56 | $0.31 | $0.44 | $0.47 | $0.39 | $0.14 | $0.32 | $0.29 | $-0.09 | $0.31 | $0.65 | $0.66 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | 1.10% | 1.42% | 1.27% | - | 1.39% | 1.32% | 1.66% | 1.10% | 0.74% | -1.20% | 0.94% | -2.64% | -3.26% | 0.91% | 1.16% |
According to 2 Wall Street analysts, H&E Equipment Services's projected average Quarter EPS for Dec 23 is $1.22, with a low estimate of $0.96 and a high estimate of $1.39. This represents a -9.92% decrease compared to HEES previous annual EPS of $1.35 (Sep 23).
H&E Equipment Services Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ALTG | Alta Equipment Group | $6.47 | $20.00 | 209.12% | Hold |
| CTOS | Custom Truck One Source | $3.73 | $6.63 | 77.75% | Buy |
| HEES | H&E Equipment Services | $43.62 | $58.00 | 32.97% | Buy |
| AAN | Aaron's Company | $10.04 | $13.03 | 29.78% | Hold |
| HRI | Herc | $138.77 | $177.67 | 28.03% | Buy |
| PRG | PROG | $46.35 | $55.00 | 18.66% | Buy |
| R | Ryder System | $138.24 | $124.60 | -9.87% | Buy |
HEES Forecast FAQ
Is H&E Equipment Services a good buy?
Yes, according to 4 Wall Street analysts, H&E Equipment Services (HEES) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 50.00% of HEES's total ratings.
What is HEES's price target?
H&E Equipment Services (HEES) average price target is $58 with a range of $46 to $71, implying a 32.97% from its last price of $43.62. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will H&E Equipment Services stock go up soon?
According to Wall Street analysts' prediction for HEES stock, the company can go up by 32.97% (from the last price of $43.62 to the average price target of $58), up by 62.77% based on the highest stock price target, and up by 5.46% based on the lowest stock price target.
Can H&E Equipment Services stock reach $70?
HEES's highest twelve months analyst stock price target of $71 supports the claim that H&E Equipment Services can reach $70 in the near future.
What are H&E Equipment Services's analysts' financial forecasts?
H&E Equipment Services's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.59B (high $1.62B, low $1.56B), average EBITDA is $317.04M (high $322.61M, low $311.89M), average net income is $158.26M (high $161.88M, low $154.92M), average SG&A $414.27M (high $421.55M, low $407.55M), and average EPS is $4.34 (high $4.44, low $4.25). HEES's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.64B (high $1.67B, low $1.61B), average EBITDA is $326.91M (high $332.65M, low $321.6M), average net income is $151.32M (high $154.78M, low $148.13M), average SG&A $427.16M (high $434.67M, low $420.23M), and average EPS is $4.15 (high $4.24, low $4.06).
Did the HEES's actual financial results beat the analysts' financial forecasts?
Based on H&E Equipment Services's last annual report (Dec 2022), the company's revenue was $1.24B, beating the average analysts forecast of $1.2B by 3.83%. Apple's EBITDA was $217.93M, missing the average prediction of $264.25M by -17.53%. The company's net income was $132.17M, beating the average estimation of $83.32M by 58.63%. Apple's SG&A was $343.84M, beating the average forecast of $262.25M by 31.11%. Lastly, the company's EPS was $3.68, beating the average prediction of $2.71 by 35.74%. In terms of the last quarterly report (Sep 2023), H&E Equipment Services's revenue was $400.7M, beating the average analysts' forecast of $382.33M by 4.80%. The company's EBITDA was $79.21M, beating the average prediction of $76.27M by 3.86%. H&E Equipment Services's net income was $48.88M, missing the average estimation of $49.36M by -0.98%. The company's SG&A was $104.22M, beating the average forecast of $99.66M by 4.57%. Lastly, the company's EPS was $1.35, missing the average prediction of $1.35 by -0.26%