Citigroup Has Lowered Expectations for Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Price

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) had its price objective decreased by equities research analysts at Citigroup to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 23.03% from the company’s current price.

A number of other research analysts have also recently weighed in on SUNB. Royal Bank Of Canada raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price objective for the company in a report on Friday, June 19th. Jefferies Financial Group upgraded Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Wednesday, March 11th. KeyCorp restated an “overweight” rating and issued a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday. Weiss Ratings upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 9th. Finally, Barclays upped their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.25.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 3.0%

Sunbelt Rentals Holdings, Inc. Common Stock stock traded down $2.25 during midday trading on Wednesday, hitting $73.16. 3,330,309 shares of the company were exchanged, compared to its average volume of 3,983,694. The stock’s fifty day simple moving average is $76.69. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same quarter in the previous year, the company posted $0.76 EPS.

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.