Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Consensus "Hold": Eleven analysts cover SUNB with an average recommendation of "Hold" (2 sell, 4 hold, 4 buy, 1 strong buy) and an average 12‑month target price of $73.20.
• Shares opened at $67.51 and trade in a 12‑month range of $61.03–$76.77, leaving the stock modestly below the consensus target.
• Analyst views are mixed: Citigroup initiated coverage with a buy and $85 target, while Bank of America and RBC have issued more negative stances (around a $62 target/underperform/strong sell), reflecting divergent outlooks.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) has received an average recommendation of "Hold" from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $73.20.

A number of research firms recently issued reports on SUNB. Citigroup began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 16th. They set a "buy" rating and a $85.00 target price for the company. Zacks Research upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a "hold" rating in a research report on Monday, March 30th. Bank of America began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 16th. They set an "underperform" rating and a $62.00 target price for the company. Royal Bank Of Canada decreased their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a "strong sell" rating for the company in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $78.00 to $74.00 and set a "neutral" rating for the company in a research report on Friday, March 13th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 0.6%

Shares of SUNB opened at $67.51 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $76.77.

Sunbelt Rentals Holdings, Inc is a North American equipment rental company that supplies a broad range of machinery and specialty equipment to construction, industrial, municipal and events customers. The company's operations focus on providing temporary access to capital-intensive equipment — from aerial work platforms, earthmoving and material‑handling equipment to power generation, climate-control systems and fluid‑management products — enabling customers to scale capacity for projects without purchasing and maintaining large fleets.

In addition to standard rental offerings, Sunbelt provides value‑added services including rapid delivery, on‑site technical support, preventive maintenance, equipment inspection and certification, and rental management programs.

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.