U-Haul (NYSE:UHAL) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of U-Haul (NYSE:UHAL) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. Citizens Jmp started coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective for the company. Finally, Citigroup initiated coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.00.

U-Haul Stock Up 0.2%

Shares of UHAL opened at $75.22 on Friday. The stock has a 50 day moving average price of $66.47 and a 200 day moving average price of $56.38. U-Haul has a one year low of $41.94 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.77. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 537.33 and a beta of 1.10.

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

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently bought and sold shares of the company. CX Institutional purchased a new stake in shares of U-Haul during the 2nd quarter valued at approximately $56,000. Brevan Howard Capital Management LP acquired a new stake in U-Haul during the third quarter worth $218,000. Inscription Capital LLC acquired a new stake in U-Haul during the fourth quarter worth $223,000. Legacy Capital Group California Inc. raised its position in U-Haul by 4.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after purchasing an additional 204 shares during the period. Finally, Shay Capital LLC purchased a new stake in U-Haul in the third quarter valued at $257,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

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.