Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives Average Rating of “Hold” from Brokerages

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $75.50.

Several research firms have commented on SUNB. BNP Paribas Exane initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 9th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $75.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Friday, May 1st. Zacks Research raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada lowered their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a “strong sell” rating on the stock in a research note on Thursday, March 26th. Finally, Citigroup initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 16th. They issued a “buy” rating and a $85.00 price objective on the stock.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $78.02 on Friday. The firm’s 50-day moving average is $71.37. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week high of $80.25.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.