Is Neff Corp (NEFF)’s Fuel Running Low? The Stock Reaches Record High Today

July 17, 2017 - By Clifton Ray

The stock of Neff Corp (NYSE:NEFF) reached all time high today, Jul, 17 and still has $22.36 target or 7.00 % above today’s $20.90 share price. This indicates more upside for the $525.52M company. This technical setup was reported by Barchart.com. If the $22.36 PT is reached, the company will be worth $36.79M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.48% or $0.1 on July 17, reaching $20.9. About 1.77 million shares traded or 1424.60% up from the average. Neff Corp (NYSE:NEFF) has risen 84.44% since July 17, 2016 and is uptrending. It has outperformed by 67.74% the S&P500.

Analysts await Neff Corp (NYSE:NEFF) to report earnings on July, 26. They expect $0.48 earnings per share, up 37.14 % or $0.13 from last year’s $0.35 per share. NEFF’s profit will be $12.07 million for 10.89 P/E if the $0.48 EPS becomes a reality. After $0.18 actual earnings per share reported by Neff Corp for the previous quarter, Wall Street now forecasts 166.67 % EPS growth.

Neff Corp (NYSE:NEFF) Ratings Coverage

Among 3 analysts covering Neff Corp (NYSE:NEFF), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Neff Corp had 7 analyst reports since February 24, 2016 according to SRatingsIntel. Bank of America downgraded the shares of NEFF in report on Monday, March 14 to “Underperform” rating. Jefferies downgraded the stock to “Hold” rating in Tuesday, November 29 report. The stock of Neff Corp (NYSE:NEFF) earned “Hold” rating by Jefferies on Friday, July 14. The company was upgraded on Wednesday, March 15 by Bank of America. Bank of America upgraded Neff Corp (NYSE:NEFF) on Wednesday, February 24 to “Neutral” rating. On Tuesday, June 13 the stock rating was maintained by Jefferies with “Hold”.

More important recent Neff Corp (NYSE:NEFF) news were published by: Zacks.com which released: “Should Value Investors Pick Neff Corp (NEFF) Stock Now?” on June 30, 2017, also Law360.com published article titled: “Dechert Guides H&E Equipment In $1.2B Deal For Neff”, Seekingalpha.com published: “Neff Corporation’s Stock Could Be Trampled By Controlling Shareholder’s Exit” on February 24, 2017. More interesting news about Neff Corp (NYSE:NEFF) was released by: Theadvocate.com and their article: “Baton Rouge’s H&E Equipment buys Miami-based Neff Corp. in $1.2 billion deal” with publication date: July 14, 2017.

Neff Corporation is an equipment rental company. The company has market cap of $525.52 million. The Firm offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, gas and oil, and residential construction customers. It has a 15.85 P/E ratio. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.

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