Analysts Set Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) PT at $81.25

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $82.50.

Several research firms have issued reports on SUNB. Sanford C. Bernstein reissued an “outperform” rating and set a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday. KeyCorp reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Zacks Research raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 7th. Finally, Citigroup reduced their target price on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 2.3%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $75.65 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $61.03 and a 1-year high of $86.68. The stock’s fifty day simple moving average is $76.69. The stock has a market cap of $31.01 billion and a PE ratio of 102.23.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same period last year, the business earned $0.76 EPS.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.0%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is 405.41%.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc. Common Stock

In other news, COO John Washburn sold 3,351 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total transaction of $234,570.00. Following the sale, the chief operating officer directly owned 72,394 shares in the company, valued at approximately $5,067,580. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

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.