Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Now Covered by Analysts at BNP Paribas Exane

Key Points

• BNP Paribas Exane initiated coverage of Sunbelt Rentals (NYSE:SUNB) with an outperform rating; Weiss Ratings added a "buy (b)" and JPMorgan issued a "neutral" with a $78 price target, leaving consensus at a Moderate Buy and an average target of $78.00.
• Shares traded down about 0.2% to $74.29 mid‑day on volume of 981,158 (vs. average volume ~3.29M), with a 1‑year range of $68.67–$76.77.
• Sunbelt Rentals is a North American equipment rental company providing a broad range of construction and industrial equipment and on‑site services, including aerial platforms, earthmoving gear, power generation, pumps, and trench safety solutions.

Stock analysts at BNP Paribas Exane assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) in a report released on Monday, Marketbeat reports. The brokerage set an "outperform" rating on the stock.

A number of other research analysts have also issued reports on the stock. Weiss Ratings started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday. They set a "buy (b)" rating for the company. JPMorgan Chase & Co. assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday. They issued a "neutral" rating and a $78.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $78.00.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 0.2%

Shares of NYSE SUNB traded down $0.14 during mid-day trading on Monday, hitting $74.29. 981,158 shares of the company were exchanged, compared to its average volume of 3,292,687. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $68.67 and a 1-year high of $76.77.

Sunbelt Rentals Holdings, Inc NYSE: SUNB is a North American equipment rental company that provides rental solutions and related services to construction, industrial, specialty trades, events and municipal customers. The company offers access to a broad selection of rental equipment and on-site services designed to support projects of varying size and complexity across many end markets.

Sunbelt's product and service offerings span categories commonly used in construction and infrastructure work, including aerial work platforms and access equipment, earthmoving and material-handling machinery, power generation and temporary climate-control systems, pumps and dewatering equipment, trench safety and shoring, and a wide range of light and heavy tools.

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