U-Haul (NYSE:UHAL) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of U-Haul (NYSE:UHAL) from a hold rating to a sell rating in a research report released on Saturday morning.

UHAL has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of U-Haul in a report on Wednesday, June 24th. Citizens Jmp assumed coverage on shares of U-Haul in a report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price target on the stock. Finally, Citigroup initiated coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

U-Haul Stock Down 0.5%

Shares of UHAL opened at $71.51 on Friday. U-Haul has a 52 week low of $41.94 and a 52 week high of $72.95. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 297.96 and a beta of 1.11. The stock’s 50-day moving average price is $62.33 and its 200-day moving average price is $55.13.

U-Haul (NYSE:UHAL) last posted its earnings results on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.02. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.The firm had revenue of $1.27 billion for the quarter. On average, sell-side analysts predict that U-Haul will post 1.32 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. CX Institutional acquired a new stake in U-Haul in the 2nd quarter worth about $56,000. Brevan Howard Capital Management LP purchased a new stake in U-Haul during the 3rd quarter worth approximately $218,000. Inscription Capital LLC acquired a new position in shares of U-Haul during the fourth quarter valued at approximately $223,000. Legacy Capital Group California Inc. raised its holdings in shares of U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after acquiring an additional 204 shares during the last quarter. Finally, Shay Capital LLC acquired a new position in shares of U-Haul during the third quarter valued at approximately $257,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.