Citigroup Cuts EquipmentShare.com (NASDAQ:EQPT) Price Target to $20.00

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

A number of other equities analysts also recently commented on EQPT. BNP Paribas Exane assumed coverage on shares of EquipmentShare.com in a research note on Monday, June 29th. They set a “neutral” rating and a $22.00 price objective for the company. Weiss Ratings lowered EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Citizens Jmp restated a “market outperform” rating and issued a $42.00 price target on shares of EquipmentShare.com in a research note on Monday, June 22nd. Finally, Truist Financial decreased their price target on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, EquipmentShare.com presently has a consensus rating of “Hold” and an average target price of $37.22.

EquipmentShare.com Stock Up 16.6%

Shares of EQPT stock opened at $18.65 on Wednesday. EquipmentShare.com has a 12 month low of $15.95 and a 12 month high of $35.50. The stock has a fifty day simple moving average of $21.15. The company has a market capitalization of $4.71 billion and a price-to-earnings ratio of 143.46. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.47.

EquipmentShare.com (NASDAQ:EQPT) last released its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The business had revenue of $989.00 million during the quarter. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. On average, equities analysts predict that EquipmentShare.com will post 0.46 earnings per share for the current fiscal year.

EquipmentShare.com announced that its Board of Directors has approved a share repurchase plan on Friday, July 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CEO Jabbok Schlacks acquired 50,000 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $21.12 per share, for a total transaction of $1,056,000.00. Following the purchase, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at approximately $1,056,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naveen Bhatia bought 10,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the acquisition, the director owned 312,000 shares in the company, valued at $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. Insiders bought a total of 81,803 shares of company stock valued at $1,797,271 in the last quarter.

EquipmentShare.com News Summary

Here are the key news stories impacting EquipmentShare.com this week:

• Positive Sentiment: The company raised its full-year 2026 outlook, citing strong customer demand, sustained fleet utilization, disciplined execution, and better-than-expected results in the first half of the year. Higher guidance typically signals improving fundamentals and can support the stock. EquipmentShare Raises 2026 Financial Outlook on Strong Customer Demand and Authorizes $500 Million Share Repurchase Program
• Positive Sentiment: The board authorized a new $500 million share repurchase program, which can be viewed as management signaling confidence that the shares are undervalued and provides additional demand for the stock over time. RTT News stock buyback report
• Positive Sentiment: Management said it expects about $2.6 billion in liquidity, giving the company flexibility to keep investing in fleet, technology, and expansion while still returning capital to shareholders. Quiver AI summary
• Neutral Sentiment: Citigroup recently set a $20 price target, which is below some other Street targets but still near the current trading range; it does not materially change the near-term catalyst picture. Citigroup price target update
• Negative Sentiment: Pomerantz LLP announced an investor investigation into EquipmentShare, which can create legal overhang and investor caution even if no wrongdoing has been proven. Investor alert from Pomerantz

EquipmentShare.com Company Profile

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