Truist Financial Cuts EQPT (NASDAQ:EQPT) Price Target to $34.00

EQPT (NASDAQ:EQPT) had its target price reduced by Truist Financial from $41.00 to $34.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Citigroup reduced their price objective on EQPT from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Oppenheimer began coverage on EQPT in a report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 price objective for the company. The Goldman Sachs Group began coverage on EQPT in a report on Tuesday, February 17th. They set a “buy” rating and a $51.00 price objective for the company. KeyCorp began coverage on EQPT in a research report on Tuesday, February 17th. They set a “sector weight” rating for the company. Finally, UBS Group began coverage on EQPT in a research report on Tuesday, February 17th. They set a “neutral” rating and a $36.00 price target for the company. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, EQPT presently has an average rating of “Hold” and a consensus target price of $38.88.

EQPT Stock Down 8.3%

Shares of EQPT stock opened at $21.48 on Monday. The business’s fifty day moving average price is $25.08. EQPT has a 1 year low of $18.80 and a 1 year high of $35.50.

EQPT (NASDAQ:EQPT) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. As a group, research analysts predict that EQPT will post 0.45 earnings per share for the current year.

EQPT 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.