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

Key Points

• Wall Street Zen upgraded U-Haul from “sell” to “hold,” while MarketBeat reports a broader consensus “Moderate Buy” rating and an average price target of $85.
• U-Haul’s stock opened at $75.22, near its 52-week high of $76.45, with a market capitalization of $14.75 billion and a notably high price-to-earnings ratio of 537.33.
• The company reported quarterly revenue of $1.68 billion, but earnings per share of $0.58 fell short of the $0.85 analyst consensus estimate; analysts expect full-year EPS of $1.32.

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

UHAL has been the subject of several other research reports. Weiss Ratings upgraded U-Haul from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, July 24th. Citizens Jmp began coverage on U-Haul in a report on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 target price on the stock. Finally, Citigroup initiated coverage on U-Haul in a research report on Wednesday, July 15th. They set an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, U-Haul currently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

U-Haul Stock Performance

UHAL stock opened at $75.22 on Friday. U-Haul has a 1-year low of $41.94 and a 1-year high of $76.45. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.04. The firm has a market cap of $14.75 billion, a PE ratio of 537.33 and a beta of 1.10. The business's 50-day moving average price is $66.47 and its two-hundred day moving average price is $56.38.

U-Haul (NYSE:UHAL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). U-Haul had a net margin of 1.05% and a return on equity of 0.81%. The company had revenue of $1.68 billion during the quarter. As a group, research analysts forecast that U-Haul will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On U-Haul

A number of institutional investors and hedge funds have recently modified their holdings of the company. CX Institutional acquired a new stake in U-Haul in the 2nd quarter valued at about $56,000. Brevan Howard Capital Management LP acquired a new stake in shares of U-Haul in the third quarter valued at approximately $218,000. Inscription Capital LLC bought a new position in shares of U-Haul during the 4th quarter worth approximately $223,000. Shay Capital LLC bought a new position in shares of U-Haul during the 3rd quarter worth approximately $257,000. Finally, Legacy Capital Group California Inc. increased its holdings in shares of U-Haul by 4.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company's stock worth $242,000 after acquiring an additional 204 shares during the last quarter. 3.63% of the stock is owned by institutional investors.

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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