EquipmentShare.com Inc (NASDAQ:EQPT) Receives Average Rating of “Hold” from Analysts

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $38.8750.

EQPT has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of EquipmentShare.com from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Citizens Jmp initiated coverage on shares of EquipmentShare.com in a report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective for the company. KeyCorp initiated coverage on shares of EquipmentShare.com in a report on Tuesday, February 17th. They issued a “sector weight” rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of EquipmentShare.com in a report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 price objective for the company.

EquipmentShare.com Price Performance

EQPT opened at $20.13 on Friday. EquipmentShare.com has a fifty-two week low of $18.80 and a fifty-two week high of $35.50. The firm has a fifty day moving average price of $23.77.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, equities analysts anticipate that EquipmentShare.com will post 0.47 EPS for the current year.

About EquipmentShare.com

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