U-Haul (NASDAQ:UHAL) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

U-Haul Holding (NASDAQ:UHAL)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $55.92 and traded as high as $57.64. U-Haul shares last traded at $57.5070, with a volume of 161,509 shares.

Analysts Set New Price Targets

Separately, Vertical Research set a $80.00 target price on U-Haul and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, U-Haul has a consensus rating of “Moderate Buy” and an average price target of $80.00.

U-Haul Trading Up 0.3%

The firm has a market cap of $11.28 billion, a P/E ratio of 26.62 and a beta of 1.12. The company has a 50 day moving average of $52.41 and a 200 day moving average of $55.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.83 and a current ratio of 2.03.

Institutional Investors Weigh In On U-Haul

A number of large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in U-Haul during the second quarter valued at about $33,000. State of Wyoming bought a new position in shares of U-Haul in the 3rd quarter valued at approximately $173,000. Brevan Howard Capital Management LP acquired a new stake in shares of U-Haul in the third quarter worth $218,000. FourThought Financial Partners LLC acquired a new position in U-Haul in the 3rd quarter valued at $227,000. Finally, Optas LLC bought a new position in U-Haul in the 3rd quarter worth $236,000. 3.63% of the stock is currently owned by institutional investors.

U-Haul Company Profile

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.