Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Has Average Price Target of $87.33 According to Analysts

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has received an average rating of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $85.72.

A number of brokerages recently weighed in on SUNB. Sanford C. Bernstein reiterated an “outperform” rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, September 16th. JPMorgan Chase & Co. upped their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the company an “underweight” rating in a research report on Thursday, September 10th. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and upped their price objective for the company from $78.00 to $93.00 in a research report on Wednesday, September 16th. Weiss Ratings raised Sunbelt Rentals Holdings, Inc. Common Stock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $80.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, September 17th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 0.3%

Shares of SUNB opened at $83.84 on Tuesday. The stock has a fifty day moving average price of $75.15 and a two-hundred day moving average price of $74.62. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. The business’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is currently 62.50%.

Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

Institutional investors have recently modified their holdings of the business. State Street Corp bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth $440,999,000. Cooke & Bieler LP acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth $153,350,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at $92,910,000. Markel Group Inc. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at $71,981,000. Finally, Broad Run Investment Management LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $51,353,000.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.