Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Announces Quarterly Earnings Results

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) announced its quarterly earnings results on Tuesday. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01, Zacks reports.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 3.8%

Shares of NYSE:SUNB opened at $82.78 on Tuesday. The company’s 50-day moving average is $76.54. Sunbelt Rentals Holdings, Inc. Common Stock has a 12-month low of $61.03 and a 12-month high of $86.68.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Wednesday, March 11th. The Goldman Sachs Group began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, March 10th. They set a “buy” rating and a $83.00 price target for the company. Royal Bank Of Canada raised Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price objective for the company in a report on Friday. Wall Street Zen upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Saturday, April 18th. Finally, Citigroup lifted their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.