Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Has Consensus Target Price of $87.33 According to Analysts

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has received an average rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $87.33.

A number of research firms recently commented on SUNB. Royal Bank Of Canada reiterated a “sector perform” rating and set a $80.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. The Goldman Sachs Group raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and raised their price target for the company from $78.00 to $93.00 in a research note on Wednesday, September 16th. Bank of America increased their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an “underperform” rating in a report on Thursday, September 10th. Finally, Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, September 28th.

Institutional Investors Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

A number of hedge funds have recently added to or reduced their stakes in SUNB. Parkside Financial Bank & Trust bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $25,000. Allworth Financial LP bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc boosted its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 90.4% in the 3rd quarter. Versant Capital Management Inc now owns 916 shares of the company’s stock worth $67,000 after buying an additional 435 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $83,000.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 1.2%

SUNB opened at $79.50 on Tuesday. The firm’s fifty day moving average is $74.74 and its two-hundred day moving average is $74.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. The firm has a market cap of $32.57 billion and a PE ratio of 41.40. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 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. The company’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 18th. This is a negative change from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.