Truist Financial Cuts EquipmentShare.com (NASDAQ:EQPT) Price Target to $38.00

EquipmentShare.com (NASDAQ:EQPT) had its price objective lowered by stock analysts at Truist Financial from $41.00 to $38.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 92.41% from the company’s current price.

EQPT has been the subject of a number of other reports. Citigroup raised their price target on EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Citizens Jmp reiterated a “market outperform” rating and set a $42.00 price objective on shares of EquipmentShare.com in a research note on Monday, June 22nd. Weiss Ratings cut EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. BNP Paribas Exane started coverage on EquipmentShare.com in a research note on Monday. They issued a “neutral” rating and a $22.00 target price for the company. Finally, Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.89.

EquipmentShare.com Trading Up 0.5%

Shares of EQPT stock opened at $19.75 on Thursday. The stock has a market cap of $4.98 billion and a PE ratio of 151.92. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71. The company’s 50 day simple moving average is $21.79. EquipmentShare.com has a 12 month low of $17.95 and a 12 month high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) earnings per share 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 for the quarter was up 38.1% compared to the same quarter last year. On average, equities analysts predict that EquipmentShare.com will post 0.54 EPS for the current year.

Insider Buying and Selling at EquipmentShare.com

In other news, Director W Bryan Hill purchased 21,803 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $22.89 per share, with a total value of $499,070.67. Following the completion of the acquisition, the director owned 35,794 shares in the company, valued at $819,324.66. This trade represents a 155.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naveen Bhatia acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the transaction, the director directly owned 312,000 shares of the company’s stock, valued at $7,556,640. This represents a 3.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 81,803 shares of company stock valued at $1,797,271 in the last three months.

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.