Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst consensus is “Hold”: Fifteen brokerages cover SUNB, with eight buy, five hold, and two sell ratings. The average 12-month price target is $87.33.
• Quarterly results exceeded expectations: Sunbelt Rentals reported EPS of $1.18 versus the $0.99 consensus estimate, while revenue rose 11.2% year over year to $3.12 billion.
• The dividend was reduced: The quarterly payout fell to $0.30 from $0.75, equating to an annualized dividend of $1.20 and a 1.5% yield.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) has earned an average recommendation of "Hold" from the fifteen brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $87.33.

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an "underperform" rating in a research note on Thursday, September 10th. Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a "buy (b)" rating to a "hold (c+)" rating in a research note on Monday, September 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $80.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, September 17th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $97.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, September 16th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

Several institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter worth about $438,000. Verdence Capital Advisors LLC bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at about $384,000. Signaturefd LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the 3rd quarter worth about $887,000. Evergreen Capital Management LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 3rd quarter worth about $293,000. Finally, Sterling Capital Management LLC acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at about $869,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $79.50 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.94 and a quick ratio of 0.87. The company has a fifty day moving average price of $74.74 and a two-hundred day moving average price of $74.36. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The company has a market cap of $32.57 billion and a PE ratio of 41.40.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. The company's revenue was up 11.2% on a year-over-year basis. Research analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a $0.30 dividend. The ex-dividend date was Friday, September 18th. This is a drop from Sunbelt Rentals Holdings, Inc. Common Stock's previous quarterly dividend of $0.75. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Sunbelt Rentals Holdings, Inc. Common Stock's dividend payout ratio is 62.50%.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.

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