EQPT (NASDAQ:EQPT) Hits New 1-Year Low – Here’s What Happened

EQPT (NASDAQ:EQPT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $19.61 and last traded at $20.80, with a volume of 2312081 shares. The stock had previously closed at $20.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EQPT shares. Robert W. Baird dropped their price objective on shares of EQPT from $63.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Citizens Jmp started coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 target price for the company. Truist Financial dropped their target price on EQPT from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, March 20th. The Goldman Sachs Group started coverage on EQPT in a research note on Tuesday, February 17th. They issued a “buy” rating and a $51.00 price target on the stock. Finally, Zacks Research raised EQPT to a “hold” rating in a report on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.50.

EQPT Stock Down 2.0%

EQPT (NASDAQ:EQPT) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion.

EQPT Company Profile

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.