Neff Corp (NYSE:NEFF) has been downgraded to Hold in a statement by Jefferies Group earlier today.
- Updated: November 29, 2016
Jefferies Group has downgraded Neff Corp (NYSE:NEFF) to Hold in a statement released on 11/29/2016.
Having a price of $13.20, Neff Corp (NYSE:NEFF) traded -2.95% lower on the day. With the last stock price up 35.30% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. NEFF has recorded a 50-day average of $10.13 and a two hundred day average of $9.72. Trade Volume was up over the average, with 69,610 shares of NEFF changing hands over the typical 38,728
Recent Performance Chart
Neff Corp has PE ratio of 14.50 with a one year low of $3.62 and a one year high of $13.87 and has a market capitalization of $0.
A total of 6 brokerages have issued a ratings update on Neff Corp. Two brokers rating the stock a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $7.77.
Brief Synopsis On Neff Corp (NYSE:NEFF)
Neff Corporation is an equipment rental company. The Company offers various 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. The Company's operations are focused on the Sunbelt states of Virginia, North Carolina, South Carolina, Florida, Georgia, Alabama, Tennessee, Louisiana, Texas, Arizona, Nevada and California. The Company's operations are engaged in rental fleet, equipment sales, and parts and service in approximately five regions in the United States, including Florida, Atlantic, Central, Southeastern and Western. The Company operates over 65 branches. Its rental fleet consisted of over 14,000 major units of equipment. Its earthmoving equipment include excavators, backhoes, loaders, bulldozers, mini-excavators, trenchers, sweepers and tractors, track loaders and skid steers.
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