Analysts Set EquipmentShare.com Inc (NASDAQ:EQPT) Price Target at $36.33

EquipmentShare.com Inc (NASDAQ:EQPTGet Free Report) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.3333.

Several brokerages have issued reports on EQPT. Citigroup lifted their price target on EquipmentShare.com from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Weiss Ratings cut EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Truist Financial decreased their price objective on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Citizens Jmp restated a “market outperform” rating and issued a $42.00 target price on shares of EquipmentShare.com in a research report on Monday, June 22nd. Finally, Wells Fargo & Company cut their target price on EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th.

Get Our Latest Analysis on EQPT

EquipmentShare.com News Roundup

Here are the key news stories impacting EquipmentShare.com this week:

Insider Activity

In other EquipmentShare.com news, Director Naveen Bhatia bought 10,000 shares of EquipmentShare.com stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $24.22 per share, with a total value of $242,200.00. Following the acquisition, the director owned 312,000 shares in the company, valued at approximately $7,556,640. This trade represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jabbok Schlacks bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $21.12 per share, for a total transaction of $1,056,000.00. Following the transaction, the chief executive officer owned 50,000 shares in the company, valued at $1,056,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 81,803 shares of company stock valued at $1,797,271. Corporate insiders own 32.81% of the company’s stock.

EquipmentShare.com Stock Performance

EquipmentShare.com stock opened at $19.40 on Friday. The firm’s fifty day moving average is $20.24. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.47. The stock has a market cap of $4.90 billion and a PE ratio of 149.23. EquipmentShare.com has a fifty-two week low of $15.71 and a fifty-two week high of $35.50.

EquipmentShare.com (NASDAQ:EQPTGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. On average, analysts predict that EquipmentShare.com will post 0.46 earnings per share for the current year.

EquipmentShare.com announced that its Board of Directors has authorized a share buyback program on Friday, July 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 12.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

About EquipmentShare.com

(Get Free Report)

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

Further Reading

Analyst Recommendations for EquipmentShare.com (NASDAQ:EQPT)

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