Wells Fargo & Company Has Lowered Expectations for EQPT (NASDAQ:EQPT) Stock Price

EQPT (NASDAQ:EQPT) had its price objective reduced by investment analysts at Wells Fargo & Company from $41.00 to $35.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 63.63% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. KeyCorp started coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a “sector weight” rating on the stock. Robert W. Baird lowered their price objective on EQPT from $63.00 to $55.00 and set an “outperform” rating for the company in a report on Friday. Wall Street Zen upgraded EQPT from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Oppenheimer began coverage on EQPT in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $39.00 target price for the company. Finally, Zacks Research upgraded EQPT to a “hold” rating in a report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.50.

EQPT Price Performance

Shares of EQPT stock traded down $1.35 during mid-day trading on Friday, reaching $21.39. 473,925 shares of the company were exchanged, compared to its average volume of 1,263,248. EQPT has a fifty-two week low of $21.06 and a fifty-two week high of $35.50.

EQPT (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion.

EQPT Company Profile

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