U-Haul (NYSE:UHAL) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of U-Haul (NYSE:UHAL) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm issued a mkt outperform rating and a $90.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. Citigroup initiated coverage on shares of U-Haul in a report on Wednesday. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of U-Haul in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.00.

U-Haul Stock Performance

Shares of U-Haul stock opened at $69.41 on Wednesday. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 289.20 and a beta of 1.11. U-Haul has a twelve month low of $41.94 and a twelve month high of $69.82. The company’s fifty day moving average is $59.44 and its 200 day moving average is $54.14. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04.

U-Haul (NYSE:UHAL) last announced its earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.02. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.The business had revenue of $1.27 billion during the quarter. Sell-side analysts forecast that U-Haul will post 1.32 EPS for the current year.

Institutional Investors Weigh In On U-Haul

A number of large investors have recently bought and sold shares of UHAL. CX Institutional bought a new stake in U-Haul in the 2nd quarter valued at about $56,000. Brevan Howard Capital Management LP acquired a new stake in U-Haul in the third quarter valued at approximately $218,000. Inscription Capital LLC bought a new stake in shares of U-Haul during the fourth quarter valued at approximately $223,000. Legacy Capital Group California Inc. increased its holdings in shares of U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after acquiring an additional 204 shares in the last quarter. Finally, Shay Capital LLC acquired a new position in shares of U-Haul during the third quarter worth approximately $257,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

U-Haul Company Profile

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.