Citigroup Has Lowered Expectations for EQPT (NASDAQ:EQPT) Stock Price

EQPT (NASDAQ:EQPT) had its price objective lowered by stock analysts at Citigroup from $35.00 to $31.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 18.50% from the stock’s current price.

A number of other brokerages have also commented on EQPT. Truist Financial began coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Research upgraded shares of EQPT to a “hold” rating in a research report on Wednesday, February 18th. 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 assumed coverage on EQPT in a research report on Tuesday, February 17th. They issued a “sector weight” rating on the stock. Finally, UBS Group assumed coverage on EQPT in a research note on Tuesday, February 17th. They set a “neutral” rating and a $36.00 target price on the stock. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.25.

EQPT Price Performance

Shares of EQPT traded down $1.66 during trading hours on Monday, hitting $26.16. The company had a trading volume of 268,586 shares, compared to its average volume of 1,285,436. EQPT has a 12 month low of $25.81 and a 12 month high of $35.50.

About EQPT

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