Shares of Neff Corp (NYSE:NEFF) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.75.
NEFF has been the subject of several recent research reports. Jefferies Group LLC increased their target price on shares of Neff Corp from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Morgan Stanley increased their target price on shares of Neff Corp from $16.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Piper Jaffray Companies restated an “overweight” rating and set a $23.00 target price (up previously from $21.00) on shares of Neff Corp in a report on Wednesday, April 19th. Finally, Bank of America Corp upgraded shares of Neff Corp from an “underperform” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, March 15th.
A number of hedge funds have recently made changes to their positions in NEFF. Renaissance Technologies LLC boosted its stake in shares of Neff Corp by 116.8% in the first quarter. Renaissance Technologies LLC now owns 218,300 shares of the industrial products company’s stock worth $4,246,000 after buying an additional 117,600 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Neff Corp during the first quarter worth approximately $2,166,000. Paradigm Capital Management Inc. NY boosted its stake in shares of Neff Corp by 36.0% in the third quarter. Paradigm Capital Management Inc. NY now owns 298,340 shares of the industrial products company’s stock worth $2,834,000 after buying an additional 78,940 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Neff Corp by 211.6% in the first quarter. Acadian Asset Management LLC now owns 67,236 shares of the industrial products company’s stock worth $1,310,000 after buying an additional 45,656 shares in the last quarter. Finally, Numeric Investors LLC boosted its stake in shares of Neff Corp by 171.1% in the fourth quarter. Numeric Investors LLC now owns 64,478 shares of the industrial products company’s stock worth $909,000 after buying an additional 40,693 shares in the last quarter. Hedge funds and other institutional investors own 79.92% of the company’s stock.
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Neff Corp (NYSE:NEFF) opened at 16.60 on Monday. The firm has a market cap of $147.13 million, a PE ratio of 12.53 and a beta of 3.65. The firm’s 50-day moving average price is $18.98 and its 200 day moving average price is $15.55. Neff Corp has a 52-week low of $8.05 and a 52-week high of $21.25.
Neff Corp (NYSE:NEFF) last issued its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Neff Corp had a negative return on equity of 8.08% and a net margin of 2.32%. The company had revenue of $95.90 million for the quarter, compared to the consensus estimate of $93.16 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Neff Corp will post $1.67 earnings per share for the current year.
Neff Corp Company Profile
Neff Corporation is an equipment rental company. The Company offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, oil and gas, and residential construction customers. Its fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.
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