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H&E Equipment Services ( (HEES) ) has provided an announcement.
On June 2, 2025, H&E Equipment Services, Inc. terminated its Sixth Amended and Restated Credit Agreement and completed the redemption of its 3.875% Senior Notes due 2028, in connection with its acquisition by Herc Holdings Inc. The acquisition, finalized on June 2, 2025, resulted in H&E becoming a wholly owned subsidiary of Herc, with all outstanding shares being converted into cash and stock, leading to the delisting of H&E’s shares from Nasdaq and the termination of its registration under the Securities Exchange Act.
The most recent analyst rating on (HEES) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on H&E Equipment Services stock, see the HEES Stock Forecast page.
Spark’s Take on HEES Stock
According to Spark, TipRanks’ AI Analyst, HEES is a Neutral.
H&E Equipment Services’ overall stock score is supported by strong revenue growth and a strategic merger with Herc Holdings, promising future synergies. However, technical indicators suggest short-term bearishness, and the high P/E ratio indicates overvaluation, which are potential risks.
To see Spark’s full report on HEES stock, click here.
More about H&E Equipment Services
H&E Equipment Services, Inc. operates in the equipment services industry, providing heavy equipment rental, sales, and support services. The company focuses on serving construction and industrial sectors with a wide range of products and solutions.
Average Trading Volume: 764,423
Technical Sentiment Signal: Buy
Current Market Cap: $3.47B
For detailed information about HEES stock, go to TipRanks’ Stock Analysis page.