U-Haul (NYSE:UHAL) Downgraded to Sell Rating by Wall Street Zen

U-Haul (NYSE:UHAL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other research firms have also issued reports on UHAL. Citigroup assumed coverage on U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on U-Haul in a research note on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of U-Haul in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.00.

U-Haul Trading Down 0.5%

Shares of UHAL stock opened at $71.51 on Friday. The stock has a market cap of $14.02 billion, a P/E ratio of 297.96 and a beta of 1.11. U-Haul has a 1 year low of $41.94 and a 1 year high of $72.95. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $62.33 and a 200 day simple moving average of $55.13.

U-Haul (NYSE:UHAL) last posted its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.02. The firm had revenue of $1.27 billion for the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%. On average, research analysts predict that U-Haul will post 1.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional acquired a new stake in shares of U-Haul in the 2nd quarter valued at $56,000. Brevan Howard Capital Management LP acquired a new position in shares of U-Haul during the 3rd quarter worth $218,000. Inscription Capital LLC acquired a new position in shares of U-Haul during the 4th quarter worth $223,000. Shay Capital LLC bought a new stake in shares of U-Haul during the 3rd quarter worth $257,000. Finally, Legacy Capital Group California Inc. boosted its stake in U-Haul by 4.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after buying an additional 204 shares in the last quarter. 3.63% of the stock is currently owned by institutional investors.

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.