EquipmentShare.com (NASDAQ:EQPT) Price Target Raised to $26.00

EquipmentShare.com (NASDAQ:EQPT) had its price target hoisted by equities researchers at Citigroup from $22.00 to $26.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 8.92% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. The Goldman Sachs Group began coverage on EquipmentShare.com in a report on Tuesday, February 17th. They set a “buy” rating and a $51.00 target price for the company. Zacks Research raised EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. Oppenheimer assumed coverage on EquipmentShare.com in a report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 target price for the company. Finally, UBS Group assumed coverage on EquipmentShare.com in a report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price target for the company. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.25.

EquipmentShare.com Trading Down 2.6%

Shares of EquipmentShare.com stock traded down $0.63 during trading on Friday, hitting $23.87. 1,527,232 shares of the stock traded hands, compared to its average volume of 1,756,904. EquipmentShare.com has a 52-week low of $17.95 and a 52-week high of $35.50. The firm’s fifty day moving average is $22.60.

EquipmentShare.com (NASDAQ:EQPT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. Analysts forecast that EquipmentShare.com will post 0.47 earnings per share for the current year.

EquipmentShare.com 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.