Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.5714.

SUNB has been the topic of several recent analyst reports. Citigroup increased their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, June 12th. KeyCorp upgraded Sunbelt Rentals Holdings, Inc. Common Stock to a “strong-buy” rating in a research note on Friday, March 13th. Bank of America initiated coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 16th. They set an “underperform” rating and a $62.00 target price for the company. Wall Street Zen upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Saturday, April 18th. Finally, Sanford C. Bernstein assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $86.00 price target on the stock.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB opened at $75.68 on Wednesday. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68. The business has a 50 day moving average price of $76.69.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion for the quarter. During the same quarter in the previous year, the firm earned $0.76 EPS.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, July 10th.

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.