EQPT (NASDAQ:EQPT) Trading Down 7.4% Following Analyst Downgrade

EQPT (NASDAQ:EQPT)’s share price was down 7.4% during mid-day trading on Monday after Citigroup lowered their price target on the stock from $35.00 to $31.00. Citigroup currently has a neutral rating on the stock. EQPT traded as low as $25.63 and last traded at $25.76. Approximately 395,219 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,288,287 shares. The stock had previously closed at $27.82.

A number of other research analysts also recently commented on EQPT. Zacks Research upgraded EQPT to a “hold” rating in a research note on Wednesday, February 18th. Wells Fargo & Company initiated coverage on EQPT in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $41.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of EQPT in a research report on Tuesday, February 17th. They set a “buy” rating and a $51.00 price target for the company. Citizens Jmp initiated coverage on shares of EQPT in a report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Finally, Truist Financial started coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a “buy” rating and a $43.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, EQPT has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.

EQPT Price Performance

EQPT 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.