Citigroup Has Lowered Expectations for EQPT (NASDAQ:EQPT) Stock Price

Key Points

• Citigroup cut its price target on EQPT from $35 to $31 and kept a "neutral" rating, implying roughly an 18.5% upside from the stock's current level.
• Multiple brokerages have newer, mostly positive views—Goldman Sachs and Truist issued "buy" ratings with $51 and $43 targets—resulting in a consensus of Moderate Buy and an average price target of $43.25.
• Shares traded down to $26.16 on Monday (12‑month low $25.81, high $35.50) on below‑average volume, leaving the stock well below the street's average price target.

EQPT (NASDAQ:EQPT - Get Free Report) had its price objective lowered by stock analysts at Citigroup from $35.00 to $31.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 18.50% from the stock's current price.

A number of other brokerages have also commented on EQPT. Truist Financial began coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a "buy" rating and a $43.00 price target on the stock. Zacks Research upgraded shares of EQPT to a "hold" rating in a research report on Wednesday, February 18th. The Goldman Sachs Group began coverage on EQPT in a report on Tuesday, February 17th. They set a "buy" rating and a $51.00 price objective for the company. KeyCorp assumed coverage on EQPT in a research report on Tuesday, February 17th. They issued a "sector weight" rating on the stock. Finally, UBS Group assumed coverage on EQPT in a research note on Tuesday, February 17th. They set a "neutral" rating and a $36.00 target price on the stock. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.25.

EQPT Price Performance

Shares of EQPT traded down $1.66 during trading hours on Monday, hitting $26.16. The company had a trading volume of 268,586 shares, compared to its average volume of 1,285,436. EQPT has a 12 month low of $25.81 and a 12 month high of $35.50.

About EQPT

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.

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