EQPT (NASDAQ:EQPT) Stock Price Up 6.9% – Here’s Why

EQPT (NASDAQ:EQPT) shares traded up 6.9% during mid-day trading on Tuesday . The company traded as high as $23.89 and last traded at $23.7650. 718,540 shares changed hands during trading, a decline of 51% from the average session volume of 1,478,141 shares. The stock had previously closed at $22.23.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EQPT. Weiss Ratings began coverage on EQPT in a research report on Thursday, April 16th. They issued a “sell (d)” rating on the stock. Citigroup lowered their price target on EQPT from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Wall Street Zen upgraded EQPT from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research raised shares of EQPT to a “hold” rating in a research report on Wednesday, February 18th. Finally, UBS Group began coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, EQPT presently has a consensus rating of “Hold” and a consensus price target of $38.88.

EQPT Price Performance

The business has a 50-day moving average of $25.08.

EQPT (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, equities analysts predict that EQPT will post 0.45 EPS for the current year.

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.