Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives $73.20 Consensus Price Target from Analysts

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $73.20.

Several research analysts have recently weighed in on SUNB shares. Citigroup started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, March 16th. They set a “buy” rating and a $85.00 price objective on the stock. Weiss Ratings downgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c)” rating in a report on Thursday, March 19th. The Goldman Sachs Group started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They issued a “buy” rating and a $83.00 target price for the company. Royal Bank Of Canada lowered their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a “strong sell” rating for the company in a report on Thursday, March 26th. Finally, Jefferies Financial Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Wednesday, March 11th.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 1.0%

Shares of NYSE:SUNB opened at $67.05 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week high of $76.77.

Sunbelt Rentals Holdings, Inc (NYSE: SUNB) is a major equipment rental company that provides rental and complementary services to construction, industrial, utility, government and specialty markets across North America. The company supplies a broad array of mobile and stationary equipment to support projects of varying scale, from short-term tool rentals to long-duration site fleet solutions. Sunbelt targets customers who need flexible access to equipment without the capital outlay of ownership, offering both project-based and ongoing rental arrangements.

Sunbelt’s product offering encompasses a wide range of categories commonly used in construction and industrial operations, including earthmoving and excavation equipment, aerial work platforms and lifts, material handling machines, pumps and dewatering systems, power generation and temperature-control units, and general tools and safety equipment.