Bank of America Upgrades Neff Corp to Buy

Brokerage firm Bank of America Upgrades its rating on Neff Corp(NEFF). The shares have been rated Buy. Previously, the analysts had a Underperform rating on the shares. The rating by the stock financial advisor at Bank of America was issued on Mar 15, 2017 in a research report to their Investors and Clients.

Neff Corp (NEFF) shares turned negative on Fridays trading session with the shares closing down -0.45 points or -2.72% at a volume of 1,03,053. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.75. The peak price level was also seen at $16.75 while the days lowest was $16.05. Finally the shares closed at $16.1. The 52-week high of the shares is $16.9 while the 52-week low is $6.06. According to the latest information available, the market cap of the company is $534 M.

Neff Corp(NEFF) last announced its earnings results on Mar 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $102.300M. Analysts had an estimated revenue of $102.320M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.35.

Several Insider Transactions has been reported to the SEC. On Nov 25, 2015, Michael Sileck (director) purchased 7,000 shares at $8.12 per share price.Also, On Nov 19, 2015, Westley Parks (COO) purchased 4,000 shares at $7.24 per share price.On Nov 19, 2015, Graham Hood (CEO) purchased 10,000 shares at $7.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Neff Corporation is an equipment rental company. The Company’s operations are focused on the Sunbelt states. The Company offers an array of 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. Its earthmoving equipment include consist of excavators backhoes loaders bulldozers mini-excavators trenchers sweepers and tractors track loaders and skid steers. Its material handling equipment includes reach forklifts industrial forklifts and straight-mast forklifts. Its aerial equipment includes personnel lifts electric scissor lifts dual fuel scissor lifts articulating boom lifts and straight boom lifts. Its other rental equipment includes compaction and concrete trucks and trailers sweepers air equipment generators welders lighting pumps and other small equipment and tools.

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