Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives Average Rating of “Hold” from Brokerages

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have received an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $73.40.

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $75.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Friday, May 1st. Wall Street Zen raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Saturday, April 18th. Royal Bank Of Canada lowered their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a “strong sell” rating for the company in a research note on Thursday, March 26th. Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Barclays started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, March 10th. They issued an “overweight” rating for the company.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

SUNB stock opened at $71.60 on Tuesday. The business’s 50 day moving average price is $70.07. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $78.05.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.