Amerco (NASDAQ:UHAL) Receives Average Rating of “Buy” from Analysts
Amerco (NASDAQ:UHAL) has received a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation. Amerco’s rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus price target of $427.50 for the company and are predicting that the company will post $8.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Amerco an industry rank of 241 out of 265 based on the ratings given to related companies.
Separately, CL King lowered Amerco from a “strong-buy” rating to a “buy” rating and decreased their price target for the company from $449.00 to $405.00 in a research note on Friday, August 5th.
Shares of Amerco (NASDAQ:UHAL) traded down 0.13% during trading on Friday, hitting $337.53. 21,657 shares of the stock were exchanged. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 14.23 and a beta of 1.44. The firm has a 50 day moving average of $342.42 and a 200-day moving average of $359.16. Amerco has a 12-month low of $305.66 and a 12-month high of $436.89.
Amerco (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.72 by $1.21. The company earned $923.40 million during the quarter, compared to analyst estimates of $941.32 million. Amerco had a net margin of 14.03% and a return on equity of 19.28%. Amerco’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.74 EPS. On average, analysts forecast that Amerco will post $23.64 earnings per share for the current year.
In related news, major shareholder James P. Shoen sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $374.78, for a total value of $7,495,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Robert Mullen sold 1,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $352.00, for a total value of $352,000.00. The disclosure for this sale can be found here. 52.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of Amerco by 36.1% in the second quarter. BNP Paribas Arbitrage SA now owns 332 shares of the company’s stock valued at $124,000 after buying an additional 88 shares in the last quarter. MU Investments Co. Ltd. raised its stake in shares of Amerco by 11.4% in the second quarter. MU Investments Co. Ltd. now owns 490 shares of the company’s stock valued at $183,000 after buying an additional 50 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Amerco by 8.7% in the second quarter. LS Investment Advisors LLC now owns 526 shares of the company’s stock valued at $197,000 after buying an additional 42 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Amerco during the second quarter valued at approximately $200,000. Finally, Zacks Investment Management bought a new stake in shares of Amerco during the second quarter valued at approximately $202,000. 28.15% of the stock is currently owned by institutional investors and hedge funds.
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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