Truist Financial Reaffirms Buy Rating for EquipmentShare.com (NASDAQ:EQPT)

EquipmentShare.com (NASDAQ:EQPT)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a research note issued on Friday,Benzinga reports. They currently have a $41.00 price target on the stock, up from their previous price target of $34.00. Truist Financial’s target price would suggest a potential upside of 69.95% from the stock’s previous close.

Several other equities analysts also recently commented on EQPT. Oppenheimer started coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 target price on the stock. UBS Group initiated coverage on EquipmentShare.com in a research note on Tuesday, February 17th. They set a “neutral” rating and a $36.00 price target for the company. Citigroup cut their price objective on EquipmentShare.com from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Weiss Ratings upgraded EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, Zacks Research upgraded EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.75.

EquipmentShare.com Stock Performance

Shares of NASDAQ EQPT traded down $0.38 during trading hours on Friday, hitting $24.13. The stock had a trading volume of 654,434 shares, compared to its average volume of 1,745,084. The company’s 50-day moving average price is $22.60. EquipmentShare.com has a 52 week low of $17.95 and a 52 week high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The business had revenue of $989.00 million during the quarter. The firm’s revenue was up 38.1% compared to the same quarter last year. On average, analysts predict that EquipmentShare.com will post 0.47 EPS for the current year.

About EquipmentShare.com

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.