Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Given Sector Perform Rating at Royal Bank Of Canada

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $80.00 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.16% from the company’s current price.

SUNB has been the subject of a number of other research reports. Wells Fargo & Company started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, August 17th. They set an “overweight” rating and a $96.00 price objective for the company. Barclays raised their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday. Citigroup decreased their price target on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of SUNB stock opened at $75.36 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68. The stock has a market cap of $30.88 billion and a price-to-earnings ratio of 101.91. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.08. The company has a fifty day moving average price of $74.78.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.19. The company had revenue of $3.12 billion during the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.22 earnings per share for the current year.

Insiders Place Their Bets

In other Sunbelt Rentals Holdings, Inc. Common Stock news, COO John Washburn sold 3,351 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total transaction of $234,570.00. Following the transaction, the chief operating officer owned 72,394 shares of the company’s stock, valued at $5,067,580. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

Several large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $25,000. Allworth Financial LP acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $30,000. Integrated Wealth Concepts LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $83,000. First Eagle Investment Management LLC acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $136,000. Finally, HB Wealth Management LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $218,000.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides tools, machinery and related services to construction, industrial, commercial, infrastructure, government and residential customers. Its rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general tools, power-generation equipment, pumps, heating and cooling systems, and temporary structures.

The company also provides specialized solutions such as trench safety, climate control, event equipment, traffic management and temporary power.