Mixed Analyst Attention: H&E Equipment Services Inc. (NASDAQ:HEES), IMAX Corporation (NYSE:IMAX)

The shares of H&E Equipment Services Inc. (NASDAQ:HEES) has been pegged with a rating of Neutral by BofA/Merrill in its latest research note that was published on November 14, 2019. BofA/Merrill wasn’t the only research firm that published a report of H&E Equipment Services Inc., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on April 29, 2019, to Buy the HEES stock while also putting a $35 price target. The stock had earned Buy rating from Longbow Markets when it published its report on March 29, 2019. That day the Longbow set price target on the stock to $34. The stock was given Buy rating by Stifel in its report released on February 16, 2018, the day when the price target on the stock was placed at 46. BofA/Merrill was of a view that HEES is Buy in its latest report on September 26, 2017. Longbow thinks that HEES is worth Buy rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $29.50. The price of the stock the last time has raised by 40.68% from its 52-Week high price while it is -66.10% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 29.84.

The shares of the company added by 13.24% during the trading session on Wednesday, reaching a low of $11.33 while ending the day at $12.83. During the trading session, a total of 792465.0 shares were traded which represents a -145.01% decline from the average session volume which is 323440.0 shares. HEES had ended its last session trading at $11.33. H&E Equipment Services Inc. currently has a market cap of $460.99 million, while its P/E ratio stands at 5.30, while its P/E earnings growth sits at 0.45, with a beta of 2.85. HEES 52-week low price stands at $9.12 while its 52-week high price is $37.85.

The company in its last quarterly report recorded $0.88 earnings per share which is above the predicted by most analysts. The H&E Equipment Services Inc. generated 14.25 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.79 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 54.55%. H&E Equipment Services Inc. has the potential to record 2.13 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Barrington Research published a research note on March 24, 2020 where it informed investors and clients that IMAX Corporation (NYSE:IMAX) is now rated as Outperform. Their price target on the stock stands at $15. Even though the stock has been trading at $10.70/share, analysts expect it to down by -5.23% to reach $21.61/share. It started the day trading at $11.31 and traded between $10.01 and $10.14 throughout the trading session.

A look at its technical shows that IMAX’s 50-day SMA is 15.65 while its 200-day SMA stands at 19.73. The stock has a high of $25.75 for the year while the low is $6.01. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 3.68 M shorted shares, the short percentage went higher by 46.89%, as 5.40M HEES shares were shorted. The company’s P/E ratio currently sits at 13.31, while the P/B ratio is 1.13. The company’s average trading volume currently stands at 1.08M shares, which means that the short-interest ratio is just 3.41 days. Over the past seven days, the company moved, with its shift of 40.83%. Looking further, the stock has dropped -51.85% over the past 90 days while it lost -54.01% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Shapiro Capital Management LLC bought more IMAX shares, increasing its portfolio by 1.15% during the last quarter. This move now sees The Shapiro Capital Management LLC purchasing 65,500 shares in the last quarter, thus it now holds 5,770,805 shares of IMAX, with a total valuation of $89,909,142. PRIMECAP Management Co. meanwhile sold more IMAX shares in the recently filed quarter, changing its stake to $85,979,788 worth of shares.

Similarly, Templeton Asset Management Ltd. (… decreased its IMAX Corporation shares by 7.24% during the recently filed quarter. After selling 4,246,426 shares in the last quarter, the firm now controls -331,459 shares of IMAX Corporation which are valued at $66,159,317. In the same vein, Templeton Asset Management Ltd. decreased its IMAX Corporation shares by during the most recent reported quarter. The firm sold 242,282 shares during the quarter which decreased its stakes to 4,230,958 shares and is now valued at $65,918,326. Following these latest developments, around 0.70% of IMAX Corporation stocks are owned by institutional investors and hedge funds.