News stories about Neff Corporation (NYSE:NEFF) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Neff Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.9603644327838 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- H&E Equipment Services’ Rental Revenue Jumps 8.9 Percent in Second Quarter (m.rermag.com)
- ‘Grand Theft Auto 6’ is likely in production — but recent reports are inaccurate (businessinsider.com)
- Neff Corporation (NYSE:NEFF) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- Aircastle Limited (AYR) and Neff Corporation (NEFF) Financial Comparison (americanbankingnews.com)
- EPS for Neff Corp (NEFF) Expected At $0.52 (fumbleboard.com)
A number of brokerages have recently issued reports on NEFF. Zacks Investment Research cut Neff Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $18.00 price objective (up from $8.50) on shares of Neff Corporation in a research note on Tuesday, June 6th. ValuEngine raised Neff Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC raised their price objective on Neff Corporation from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Finally, Morgan Stanley raised their price objective on Neff Corporation from $16.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.17.
Shares of Neff Corporation (NYSE:NEFF) opened at 20.90 on Friday. The company has a market capitalization of $185.24 million, a PE ratio of 15.77 and a beta of 3.39. Neff Corporation has a 1-year low of $8.05 and a 1-year high of $21.30. The company has a 50 day moving average price of $18.86 and a 200 day moving average price of $17.42.
Neff Corporation (NYSE:NEFF) last posted its earnings results on Tuesday, April 25th. The industrial products company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. Neff Corporation had a net margin of 3.12% and a negative return on equity of 8.23%. The firm had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $93.16 million. During the same period in the previous year, the company earned $0.31 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Equities analysts predict that Neff Corporation will post $1.71 EPS for the current fiscal year.
About Neff Corporation
Neff Corporation is an equipment rental company. The Company offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, oil and gas, and residential construction customers. Its fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.
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