Rating Alert: Jefferies: Time To Decrease Faith In NEFF Corp (NYSE:NEFF)

November 29, 2016 - By Marie Mckinney

Rating Alert: Jefferies: Time To Decrease Faith In NEFF Corp (NYSE:NEFF)

NEFF Corp (NYSE:NEFF) Downgrade

NEFF Corp (NYSE:NEFF)‘s rating was cut by research professionals at Jefferies from a “Buy” rating to a “Hold” rating in a research note issued on 29 November.

About 67,003 shares traded hands or 24.68% up from the average. Neff Corp (NYSE:NEFF) has risen 76.43% since April 26, 2016 and is uptrending. It has outperformed by 71.17% the S&P500.

Analysts await Neff Corp (NYSE:NEFF) to report earnings on March, 6. They expect $0.38 EPS, up 58.33% or $0.14 from last year’s $0.24 per share. NEFF’s profit will be $9.17 million for 8.65 P/E if the $0.38 EPS becomes a reality. After $0.41 actual EPS reported by Neff Corp for the previous quarter, Wall Street now forecasts -7.32% negative EPS growth.

Neff Corporation is an equipment rental company. The company has a market cap of $317.32 million. The Firm offers various equipment rental solutions for its customer base, including non-residential construction, gas and oil, and residential construction customers. It has a 14.62 P/E ratio. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.

According to Zacks Investment Research, “Neff Corporation is a regional equipment rental company in the United States. The Company offers earthmoving, material handling, trucks, air compressors, welders, generators, pumps, and other supplies. It also involves in the sale of new and used equipment; and provision of complementary parts, supplies, and merchandise, as well as maintenance services. The company offers a broad array of equipment rental solutions for its diverse customer base, including non-residential construction, oil and gas and residential construction customers. Neff Corporation is based in Miami, Florida.”

NEFF Company Profile

Neff Corporation, incorporated on August 18, 2014, is an equipment rental company. The Firm offers various equipment rental solutions for its customer base, including non-residential construction, gas and oil, and residential construction customers. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment. The Company’s activities 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 activities 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 Firm operates over 65 branches. The Company’s rental fleet consisted of over 14,000 major units of equipment.

More important recent Neff Corp (NYSE:NEFF) news were published by: Marketwatch.com which released: “Neff downgraded to hold from buy at Jefferies” on November 19, 2014, also Streetinsider.com published article titled: “Neff Corp. (NEFF) Misses Q3 EPS by 1c”, Zacks.com published: “Neff Corp. (NEFF) Worth a Look: Stock Adds 5.5% in Session” on November 18, 2016. More interesting news about Neff Corp (NYSE:NEFF) was released by: Seekingalpha.com and their article: “Neff Corp’s (NEFF) CEO Graham Hood on Q2 2016 Results – Earnings Call Transcript” with publication date: July 31, 2016.

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