U-Haul (NYSE:UHAL) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded U-Haul from “hold” to “sell,” even as other firms remain more constructive on the stock. Current analyst sentiment is mixed, with MarketBeat showing an average rating of “Moderate Buy” and an average price target of $85.00.
• U-Haul shares were slightly lower and opened at $71.51, near the 52-week high of $72.95. The stock also trades above both its 50-day and 200-day moving averages, suggesting recent strength despite the downgrade.
• The company’s latest earnings beat expectations by a small margin, reporting EPS of -$0.70 versus the consensus estimate of -$0.72 on revenue of $1.27 billion. Analysts currently expect U-Haul to post 1.32 EPS for the full year.

U-Haul (NYSE:UHAL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

A number of other research firms have also recently issued reports on UHAL. Citigroup assumed coverage on U-Haul in a research report on Wednesday, July 15th. They issued an "outperform" rating for the company. Weiss Ratings reissued a "sell (d)" rating on shares of U-Haul in a report on Wednesday, June 24th. Finally, Citizens Jmp started coverage on U-Haul in a research note on Wednesday, July 15th. They issued a "mkt outperform" rating and a $90.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, U-Haul has an average rating of "Moderate Buy" and an average price target of $85.00.

U-Haul Stock Down 0.5%

Shares of UHAL stock opened at $71.51 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.94. The firm's 50-day moving average is $62.33 and its 200-day moving average is $55.13. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 297.96 and a beta of 1.11. U-Haul has a 52-week low of $41.94 and a 52-week high of $72.95.

U-Haul (NYSE:UHAL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, topping analysts' consensus estimates of ($0.72) by $0.02. The business had revenue of $1.27 billion during the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%. Sell-side analysts predict that U-Haul will post 1.32 EPS for the current year.

Hedge Funds Weigh In On U-Haul

A number of large investors have recently made changes to their positions in UHAL. CX Institutional acquired a new stake in U-Haul during the 2nd quarter worth approximately $56,000. Brevan Howard Capital Management LP acquired a new position in U-Haul in the 3rd quarter valued at $218,000. Inscription Capital LLC acquired a new position in U-Haul in the 4th quarter valued at $223,000. Legacy Capital Group California Inc. grew its holdings in U-Haul by 4.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company's stock valued at $242,000 after buying an additional 204 shares in the last quarter. Finally, Shay Capital LLC bought a new position in U-Haul during the 3rd quarter worth $257,000. Institutional investors own 3.63% of the company's stock.

U-Haul Company Profile

U-Haul NYSE: UHAL is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.

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