Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.5714.

Several equities analysts have weighed in on the stock. KeyCorp raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “strong-buy” rating in a report on Friday, March 13th. BNP Paribas Exane initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 9th. They set an “outperform” rating on the stock. Weiss Ratings upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Saturday, April 18th. Finally, Jefferies Financial Group upgraded Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Wednesday, March 11th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 9.1%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $75.68 on Wednesday. The business has a fifty day moving average of $76.69. Sunbelt Rentals Holdings, Inc. Common Stock has a one year low of $61.03 and a one year high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.75 billion for the quarter. During the same quarter in the prior year, the firm posted $0.76 earnings per share.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 10th.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

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.