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

Shares of EQPT (NASDAQ:EQPT) fell 7.4% 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. 395,219 shares traded hands during trading, a decline of 69% from the average session volume of 1,288,287 shares. The stock had previously closed at $27.82.

Several other brokerages also recently weighed in on EQPT. UBS Group began coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 target price for the company. Zacks Research upgraded shares of EQPT to a “hold” rating in a report on Wednesday, February 18th. Wells Fargo & Company initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued an “overweight” rating and a $41.00 price objective for the company. Truist Financial initiated coverage on EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $43.00 target price for the company. Finally, KeyCorp initiated coverage on EQPT in a research note on Tuesday, February 17th. They issued a “sector weight” rating on the stock. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, EQPT has an average rating of “Moderate Buy” and an average target price of $43.25.

EQPT Trading Down 7.0%

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.