URI - H&E Equipment: Short-Term Prospects Are Less Appealing
2024-02-15 09:35:15 ET
Summary
- H&E Equipment Services, Inc. stock has nearly doubled in value since I first covered the stock in 2020.
- A lot has changed since then, and the business is now in a much better position than it was just a few years ago.
- The stellar share price performance, however, has now resulted in the stock now trading much closer to its fair value.
It has been roughly 3 years since I first covered H&E Equipment Services, Inc. (HEES) and since then, the stock has delivered a total return of 107% - more than twice that of the broader equity market and the Industrials sectors as a whole (see the graph below)....
H&E Equipment: Short-Term Prospects Are Less Appealing