EquipmentShare.com (NASDAQ:EQPT) Given New $20.00 Price Target at Citigroup

EquipmentShare.com (NASDAQ:EQPT) had its price objective trimmed by Citigroup from $26.00 to $20.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Wells Fargo & Company reduced their price target on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of EquipmentShare.com in a research report on Monday, June 22nd. Robert W. Baird dropped their price target on shares of EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Finally, BNP Paribas Exane began coverage on shares of EquipmentShare.com in a research report on Monday, June 29th. They set a “neutral” rating and a $22.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.22.

EquipmentShare.com Stock Performance

EQPT stock opened at $16.58 on Wednesday. The firm’s 50 day simple moving average is $21.34. EquipmentShare.com has a 52-week low of $16.26 and a 52-week high of $35.50. The stock has a market capitalization of $4.18 billion and a price-to-earnings ratio of 127.54. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The company’s quarterly revenue was up 38.1% on a year-over-year basis. As a group, sell-side analysts forecast that EquipmentShare.com will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at EquipmentShare.com

In related news, Director W Bryan Hill bought 21,803 shares of the stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $22.89 per share, for a total transaction of $499,070.67. Following the purchase, the director owned 35,794 shares of the company’s stock, valued at approximately $819,324.66. The trade was a 155.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naveen Bhatia bought 10,000 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the purchase, the director directly owned 312,000 shares in the company, valued at approximately $7,556,640. This trade represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 81,803 shares of company stock worth $1,797,271.

About EquipmentShare.com

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.