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EQPT (NASDAQ:EQPT) Given New $22.00 Price Target at Citigroup

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Key Points

  • Citigroup cut its price target on EQPT from $25.00 to $22.00 and kept a "neutral" rating, implying about a 6.57% upside from the stock's mid-day price of $20.64.
  • The analyst consensus remains a "Moderate Buy" with a consensus price target of $39.75 and six Buy vs. four Hold ratings, indicating significantly higher expectations than Citigroup's outlook.
  • EQPT beat recent estimates, reporting $0.24 EPS versus $0.19 expected and $1.57 billion in revenue versus $1.54 billion expected for the quarter.
  • MarketBeat previews top five stocks to own in May.

EQPT (NASDAQ:EQPT - Get Free Report) had its target price cut by analysts at Citigroup from $25.00 to $22.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 6.57% from the stock's current price.

EQPT has been the subject of several other research reports. Oppenheimer initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued an "outperform" rating and a $39.00 price target for the company. Wells Fargo & Company reduced their price target on shares of EQPT from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday. Robert W. Baird reduced their price target on shares of EQPT from $63.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, March 20th. Citizens Jmp started coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a "market outperform" rating and a $42.00 price target for the company. Finally, Zacks Research upgraded EQPT to a "hold" rating in a report on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, EQPT presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.75.

Read Our Latest Stock Report on EQPT

EQPT Trading Up 1.3%

NASDAQ EQPT traded up $0.26 during mid-day trading on Monday, hitting $20.64. The company's stock had a trading volume of 430,653 shares, compared to its average volume of 1,491,200. The firm's 50 day moving average price is $26.73. EQPT has a twelve month low of $18.80 and a twelve month high of $35.50.

EQPT (NASDAQ:EQPT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion.

EQPT Company Profile

(Get Free Report)

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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Analyst Recommendations for EQPT (NASDAQ:EQPT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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