Neff Corp (NASDAQ:NEFF) fell 10.7% during trading on Tuesday , AnalystRatings.Net reports. The stock traded as low as $5.50 and last traded at $5.50, with a volume of 62,359 shares changing hands. The stock had previously closed at $6.16.
Several brokerages have recently commented on NEFF. Zacks Investment Research downgraded shares of Neff Corp from a “buy” rating to a “hold” rating in a research note on Thursday, November 19th. Bank of America upgraded shares of Neff Corp from an “underperform” rating to a “neutral” rating and set a $4.60 target price on the stock in a research note on Wednesday, February 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.09.
The stock’s 50-day moving average price is $4.80 and its 200-day moving average price is $6.03. The firm has a market capitalization of $57.30 million and a price-to-earnings ratio of 5.45.
Neff Corp (NASDAQ:NEFF) last posted its quarterly earnings results on Monday, March 7th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.12. The company earned $106.10 million during the quarter, compared to analyst estimates of $103.29 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Neff Corp will post $1.29 EPS for the current fiscal year.
A hedge fund recently raised its stake in Neff Corp stock. Private Management Group Inc. raised its position in shares of Neff Corp (NASDAQ:NEFF) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,405,726 shares of the company’s stock after buying an additional 64,615 shares during the period. Private Management Group Inc. owned approximately 13.40% of Neff Corp worth $10,768,000 at the end of the most recent quarter.
Neff Corporation is an equipment rental company. The Company’s operations are focused on the Sunbelt states. The Company offers an array of equipment rental solutions for its customer base, including non-residential construction, oil and gas, and residential construction customers. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.
Source: