EQPT (NASDAQ:EQPT) Sets New 52-Week Low – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EQPT shares. Citizens Jmp initiated coverage on EQPT in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 target price for the company. Wells Fargo & Company dropped their price objective on EQPT from $41.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. The Goldman Sachs Group began coverage on EQPT in a report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 target price for the company. Robert W. Baird lowered their price target on shares of EQPT from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Finally, KeyCorp started coverage on shares of EQPT in a report on Tuesday, February 17th. They issued a “sector weight” rating for the company. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

EQPT Price Performance

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