U-Haul (NASDAQ:UHAL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.68 and traded as high as $58.30. U-Haul shares last traded at $57.5080, with a volume of 167,064 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Vertical Research set a $80.00 price target on shares of U-Haul and gave the stock a “buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

U-Haul Stock Performance

The stock’s 50-day moving average price is $53.15 and its 200-day moving average price is $55.68. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 26.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.83 and a current ratio of 2.03.

Institutional Trading of U-Haul

Institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in U-Haul in the second quarter valued at $33,000. State of Wyoming acquired a new stake in U-Haul in the 3rd quarter valued at about $173,000. Brevan Howard Capital Management LP purchased a new position in U-Haul during the 3rd quarter valued at about $218,000. FourThought Financial Partners LLC acquired a new position in U-Haul during the third quarter worth about $227,000. Finally, Optas LLC acquired a new position in U-Haul during the third quarter worth about $236,000. 3.63% of the stock is currently owned by hedge funds and other institutional investors.

U-Haul Company Profile

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.