Stock Worth Mentioning: Could Neff Corp Change Direction After Touching 52-Week High?

Stock Worth Mentioning: Could Neff Corp Change Direction After Touching 52 Week High?

The stock of Neff Corp (NYSE:NEFF) hit a new 52-week high and has $34.36 target or 184.00% above today’s $12.10 share price. The 9 months bullish chart indicates low risk for the $302.62 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $34.36 price target is reached, the company will be worth $556.82M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,765 shares traded hands. Neff Corp (NYSE:NEFF) has risen 56.45% since April 19, 2016 and is uptrending. It has outperformed by 52.59% the S&P500.

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.”

More notable recent Neff Corp (NYSE:NEFF) news were published by: Zacks.com which released: “Neff Corp. (NEFF) Worth a Look: Stock Adds 5.5% in Session” on November 18, 2016, also Streetinsider.com with their article: “Neff Corp. (NEFF) Misses Q3 EPS by 1c” published on October 25, 2016, Seekingalpha.com published: “Neff Corp’s (NEFF) CEO Graham Hood on Q2 2016 Results – Earnings Call Transcript” on July 31, 2016. More interesting news about Neff Corp (NYSE:NEFF) were released by: Seekingalpha.com and their article: “Neff Corp.’s Residential Construction & Earthmovers Pair Well With Fannie Mae …” published on January 13, 2016 as well as Pehub.com‘s news article titled: “Wayzata-owned Neff Corp. goes public” with publication date: November 21, 2014.

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.

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