Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Get Free Report) had its price target cut by research analysts at JPMorgan Chase & Co. from $75.00 to $74.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 0.28% from the company’s previous close.
A number of other equities research analysts have also commented on SUNB. KeyCorp reiterated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday. Wall Street Zen raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Saturday, April 18th. Sanford C. Bernstein initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, May 12th. They issued an “outperform” rating and a $86.00 price objective on the stock. Bank of America started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 16th. They issued an “underperform” rating and a $62.00 price objective on the stock. Finally, Weiss Ratings raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 9th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.43.
Read Our Latest Research Report on SUNB
Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance
Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same quarter in the prior year, the company earned $0.76 EPS.
Sunbelt Rentals Holdings, Inc. Common Stock Company Profile
Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.
In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.
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