Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $73.00.

Several analysts have issued reports on SUNB shares. Barclays assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They issued an “overweight” rating for the company. Bank of America began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday. They set an “underperform” rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, March 10th. They issued a “buy” rating and a $83.00 target price for the company. Finally, Weiss Ratings assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, March 5th. They issued a “buy (b)” rating on the stock.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

SUNB stock opened at $72.61 on Monday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $68.67 and a 52 week high of $76.77.

Sunbelt Rentals Holdings, Inc (NYSE: SUNB) is a major equipment rental company that provides temporary access to a broad range of construction and industrial equipment. The business serves customers who need flexible, short- and long-term equipment solutions rather than owning capital-intensive assets outright, enabling contractors, industrial operators and infrastructure providers to scale projects without large upfront purchases.

The company’s offerings cover a wide array of categories including aerial work platforms, earthmoving and excavation equipment, material handling, power generation, climate control and HVAC, fluid handling and pumps, general tools and specialty project equipment.