U-Haul (NYSE:UHAL) Coverage Initiated by Analysts at Citizens Jmp

Analysts at Citizens Jmp assumed coverage on shares of U-Haul (NYSE:UHAL) in a research note issued to investors on Wednesday. The firm set an “outperform” rating and a $90.00 price target on the stock. Citizens Jmp’s price target suggests a potential upside of 30.99% from the stock’s previous close.

A number of other brokerages have also recently commented on UHAL. Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup started coverage on shares of U-Haul in a research report on Wednesday. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

U-Haul Trading Up 0.9%

UHAL opened at $68.70 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04. U-Haul has a 52 week low of $41.94 and a 52 week high of $68.98. The stock has a market cap of $13.47 billion, a PE ratio of 286.27 and a beta of 1.11. The business has a 50 day moving average of $59.09 and a 200-day moving average of $54.01.

U-Haul (NYSE:UHAL) last issued its quarterly earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.02. The company had revenue of $1.27 billion for the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%. Equities research analysts predict that U-Haul will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UHAL. Legacy Capital Group California Inc. lifted its stake in U-Haul by 4.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock worth $242,000 after purchasing an additional 204 shares in the last quarter. Old West Investment Management LLC boosted its holdings in shares of U-Haul by 0.4% during the 4th quarter. Old West Investment Management LLC now owns 153,350 shares of the company’s stock valued at $7,730,000 after purchasing an additional 564 shares during the last quarter. CX Institutional purchased a new position in shares of U-Haul during the second quarter valued at about $56,000. Clearbridge Investments LLC increased its holdings in shares of U-Haul by 28.8% in the fourth quarter. Clearbridge Investments LLC now owns 6,700 shares of the company’s stock worth $338,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of U-Haul in the third quarter worth about $218,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.