Zacks: Amerco (UHAL) Given Average Recommendation of “Buy” by Analysts
Shares of Amerco (NASDAQ:UHAL) have earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation. Amerco’s rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price target of $427.50 for the company and are anticipating that the company will post $8.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Amerco an industry rank of 245 out of 265 based on the ratings given to related companies.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and decreased their price target for the stock from $449.00 to $405.00 in a report on Friday, August 5th.
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Amerco (NASDAQ:UHAL) traded up 0.714% during mid-day trading on Tuesday, reaching $339.405. The company had a trading volume of 53,608 shares. Amerco has a one year low of $305.66 and a one year high of $436.89. The stock has a 50 day moving average price of $334.93 and a 200 day moving average price of $357.67. The company has a market capitalization of $6.65 billion, a P/E ratio of 14.305 and a beta of 1.38.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. Amerco had a return on equity of 19.28% and a net margin of 14.03%. The business had revenue of $923.40 million for the quarter, compared to analyst estimates of $941.32 million. During the same quarter in the previous year, the business posted $8.74 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that Amerco will post $23.64 earnings per share for the current fiscal year.
In other Amerco news, Director Daniel Robert Mullen sold 1,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $352.00, for a total transaction of $352,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 52.00% of the company’s stock.
Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Amerco by 36.1% in the second quarter. BNP Paribas Arbitrage SA now owns 332 shares of the company’s stock worth $124,000 after buying an additional 88 shares during the last quarter. MU Investments Co. Ltd. increased its stake in shares of Amerco by 11.4% in the second quarter. MU Investments Co. Ltd. now owns 490 shares of the company’s stock valued at $183,000 after buying an additional 50 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Amerco by 8.7% in the second quarter. LS Investment Advisors LLC now owns 526 shares of the company’s stock valued at $197,000 after buying an additional 42 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Amerco during the second quarter valued at approximately $200,000. Finally, Zacks Investment Management purchased a new stake in shares of Amerco during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 28.15% of the company’s stock.
Amerco Company Profile
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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