JPMorgan Chase & Co. Cuts Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Price Target to $74.00

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) had its target price cut by JPMorgan Chase & Co. from $75.00 to $74.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 0.28% from the company’s current price.

A number of other brokerages also recently weighed in on SUNB. Sanford C. Bernstein assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, May 12th. They issued an “outperform” rating and a $86.00 price target on the stock. Zacks Research raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Monday, March 30th. Barclays raised their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Saturday, April 18th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $81.43.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB traded down $1.62 during mid-day trading on Wednesday, reaching $73.79. 885,504 shares of the company’s stock were exchanged, compared to its average volume of 3,954,424. Sunbelt Rentals Holdings, Inc. Common Stock has a one year low of $61.03 and a one year high of $86.68. The business’s fifty day moving average is $76.69.

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

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.