Robert W. Baird Cuts EQPT (NASDAQ:EQPT) Price Target to $55.00

EQPT (NASDAQ:EQPT) had its price objective reduced by Robert W. Baird from $63.00 to $55.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 141.86% from the stock’s current price.

EQPT has been the subject of several other research reports. Truist Financial started coverage on EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $43.00 price target for the company. Oppenheimer started coverage on shares of EQPT in a report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 target price for the company. Zacks Research upgraded shares of EQPT to a “hold” rating in a research report on Wednesday, February 18th. Citigroup lowered their price target on shares of EQPT from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Finally, The Goldman Sachs Group initiated coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $51.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.25.

EQPT Trading Down 7.3%

Shares of NASDAQ:EQPT opened at $22.74 on Friday. EQPT has a 12 month low of $22.63 and a 12 month high of $35.50.

EQPT (NASDAQ:EQPT) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion.

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.