Zacks Research Upgrades Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) to “Hold”

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on SUNB. Royal Bank Of Canada cut their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a “strong sell” rating on the stock in a report on Thursday, March 26th. Weiss Ratings cut shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, March 19th. BNP Paribas Exane started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, March 9th. They issued an “outperform” rating on the stock. Citigroup began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 16th. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They set a “buy” rating and a $83.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of “Hold” and a consensus target price of $73.20.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of NYSE:SUNB opened at $65.05 on Monday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.85 and a 52-week high of $76.77.

Sunbelt Rentals Holdings, Inc (NYSE: SUNB) is a provider of equipment rental solutions, offering a broad array of tools and machinery for construction, industrial, commercial and specialty applications. The company supplies equipment on a short- or long-term basis to contractors, municipalities, utilities, facility managers and event organizers, positioning itself as a source of flexible, asset-light alternatives to outright ownership of capital equipment.

Sunbelt’s product portfolio spans aerial work platforms, earthmoving and excavating equipment, material handling gear, power generation and temperature control systems, pumps and dewatering equipment, compaction and paving machinery, shoring and trench-safety solutions, scaffolding and a wide range of light and heavy tools.