Amerco (UHAL) Stock Rating Upgraded by ValuEngine
Amerco (NASDAQ:UHAL) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Separately, BidaskClub upgraded Amerco from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st.
Amerco (NASDAQ:UHAL) opened at 388.81 on Monday. The firm has a 50-day moving average price of $376.56 and a 200 day moving average price of $368.91. The company has a market capitalization of $7.62 billion, a P/E ratio of 20.18 and a beta of 1.12. Amerco has a 52-week low of $307.80 and a 52-week high of $398.94.
Amerco (NASDAQ:UHAL) last posted its earnings results on Wednesday, August 9th. The transportation company reported $6.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.46 by ($0.02). Amerco had a return on equity of 12.85% and a net margin of 10.92%. The business had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. During the same quarter in the previous year, the firm earned $7.51 earnings per share. Amerco’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that Amerco will post $20.36 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of UHAL. Riverhead Capital Management LLC boosted its holdings in shares of Amerco by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after purchasing an additional 120 shares in the last quarter. Watermark Asset Management Inc. purchased a new position in shares of Amerco in the 1st quarter worth about $124,000. Citigroup Inc. purchased a new position in shares of Amerco in the 2nd quarter worth about $145,000. UBS Group AG boosted its holdings in shares of Amerco by 98.4% in the 1st quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after purchasing an additional 252 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of Amerco in the 1st quarter worth about $201,000. Hedge funds and other institutional investors own 30.03% of the company’s stock.
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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