EquipmentShare.com (NASDAQ:EQPT) Price Target Raised to $26.00

EquipmentShare.com (NASDAQ:EQPT – Get Free Report) had its target price lifted by investment analysts at Citigroup from $22.00 to $26.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 8.92% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings raised EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Robert W. Baird cut their target price on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. KeyCorp started coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They set a “sector weight” rating on the stock. Finally, Truist Financial reissued a “buy” rating and set a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.25.

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EquipmentShare.com Price Performance

EQPT stock traded down $0.63 during mid-day trading on Friday, reaching $23.87. The company had a trading volume of 1,527,232 shares, compared to its average volume of 1,756,904. The company has a fifty day moving average of $22.60. EquipmentShare.com has a fifty-two week low of $17.95 and a fifty-two week high of $35.50.

EquipmentShare.com (NASDAQ:EQPT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. On average, analysts expect that EquipmentShare.com will post 0.47 EPS for the current year.

About EquipmentShare.com

(Get Free Report)

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

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