EquipmentShare.com Inc (NASDAQ:EQPT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• The stock has a consensus "Hold" rating from 11 analysts (1 sell, 4 hold, 6 buy) with an average 1‑year price target of $38.88.
• Shares opened at $20.13 on Friday and trade below the 50‑day moving average ($23.77) and well under the 12‑month high of $35.50, suggesting market pricing is below analyst targets.
• EquipmentShare beat estimates last quarter, reporting $0.24 EPS vs. $0.19 expected and $1.57B revenue vs. $1.54B expected; analysts forecast about $0.47 EPS for the current year.

EquipmentShare.com Inc (NASDAQ:EQPT - Get Free Report) has earned an average rating of "Hold" from the eleven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.8750.

Several research analysts recently issued reports on EQPT shares. Truist Financial reduced their target price on shares of EquipmentShare.com from $41.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 20th. KeyCorp started coverage on shares of EquipmentShare.com in a report on Tuesday, February 17th. They set a "sector weight" rating for the company. Citizens Jmp started coverage on shares of EquipmentShare.com in a report on Tuesday, February 17th. They set a "market outperform" rating and a $42.00 target price for the company. Wells Fargo & Company reduced their target price on shares of EquipmentShare.com from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, April 13th. Finally, UBS Group started coverage on shares of EquipmentShare.com in a report on Tuesday, February 17th. They set a "neutral" rating and a $36.00 target price for the company.

EquipmentShare.com Price Performance

NASDAQ EQPT opened at $20.13 on Friday. The business has a fifty day moving average of $23.77. EquipmentShare.com has a 12-month low of $18.80 and a 12-month high of $35.50.

EquipmentShare.com (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, topping analysts' consensus estimates of $0.19 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. As a group, equities analysts anticipate that EquipmentShare.com will post 0.47 earnings per share for the current year.

About EquipmentShare.com

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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