Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Has Consensus Price Target of $87.33 According to Brokerages

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $87.33.

Several research firms recently commented on SUNB. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. Morgan Stanley restated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. KeyCorp upped their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $93.00 in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They set an “overweight” rating and a $96.00 price objective for the company.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

SUNB opened at $75.13 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $61.03 and a 1-year high of $86.68. The stock has a market cap of $30.79 billion and a P/E ratio of 39.13. The stock’s 50 day simple moving average is $75.13 and its 200 day simple moving average is $74.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.94 and a quick ratio of 0.87.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a dividend of $0.30 per share. This is a drop from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is currently 62.50%.

Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $440,999,000. Broad Run Investment Management LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $51,353,000. Anchor Capital Advisors LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $44,923,000. Envestnet Asset Management Inc. purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $26,298,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth about $22,082,000.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company operating under the Sunbelt Rentals brand. It provides rental equipment and related services to construction, industrial, commercial, infrastructure, government, entertainment and residential customers.

The company’s rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general construction tools, power-generation systems, climate-control equipment, pumps, trucks and trailers. Sunbelt Rentals also provides specialty services such as temporary power, heating and cooling, site support, fluid management and equipment delivery.

Sunbelt Rentals serves customers across the United States, Canada and the United Kingdom through a network of rental locations and service operations.