Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) announced its quarterly earnings results on Tuesday. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01, Zacks reports.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of SUNB stock opened at $82.78 on Tuesday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The company’s 50 day simple moving average is $76.54.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank Of Canada upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price objective for the company in a research note on Friday. Jefferies Financial Group raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Wednesday, March 11th. Sanford C. Bernstein assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, May 12th. They set an “outperform” rating and a $86.00 price target on the stock. Finally, KeyCorp upgraded Sunbelt Rentals Holdings, Inc. Common Stock to a “strong-buy” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.