EQPT (NASDAQ:EQPT) Hits New 1-Year Low - Here's What Happened

Key Points

• EQPT hit a new 52-week low, trading as low as $18.80 (last $18.955) on Tuesday with about 174,017 shares changing hands and a one-day decline of roughly 2.4% from the prior close.
• Analysts remain generally positive despite the slide: consensus rating is a “Moderate Buy” with a consensus target price of $40.50, alongside mixed individual actions (six Buys, four Holds and several recent target revisions).
• EQPT recently beat expectations for the quarter, reporting $0.24 EPS versus $0.19 expected and $1.57 billion in revenue versus $1.54 billion estimated.

Shares of EQPT (NASDAQ:EQPT - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $18.80 and last traded at $18.9550, with a volume of 174017 shares. The stock had previously closed at $19.61.

Analyst Upgrades and Downgrades

EQPT has been the subject of a number of research reports. Zacks Research upgraded EQPT to a "hold" rating in a report on Wednesday, February 18th. UBS Group initiated coverage on EQPT in a report on Tuesday, February 17th. They set a "neutral" rating and a $36.00 target price for the company. Robert W. Baird lowered their target price on EQPT from $63.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, March 20th. Wall Street Zen upgraded EQPT from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Citizens Jmp initiated coverage on EQPT in a report on Tuesday, February 17th. They set a "market outperform" rating and a $42.00 target price for the company. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.50.

EQPT Stock Down 2.4%

The business has a fifty day moving average price of $27.33.

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

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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