EQPT (NASDAQ:EQPT) Given New $34.00 Price Target at Truist Financial

EQPT (NASDAQ:EQPT) had its price objective cut by stock analysts at Truist Financial from $41.00 to $34.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 59.10% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings initiated coverage on shares of EQPT in a research report on Thursday. They issued a “sell (d)” rating on the stock. Citigroup dropped their price target on shares of EQPT from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Wall Street Zen upgraded EQPT from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Wells Fargo & Company cut their price objective on EQPT from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Finally, Oppenheimer started coverage on EQPT in a report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.88.

EQPT Stock Performance

Shares of EQPT stock opened at $21.37 on Monday. The business has a 50-day simple moving average of $25.74. EQPT has a 52 week low of $18.80 and a 52 week high of $35.50.

EQPT (NASDAQ:EQPT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion.

About EQPT

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.