Citigroup Cuts Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Price Target to $90.00

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) had its price objective decreased by Citigroup to $90.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 23.03% from the stock’s previous close.

A number of other research firms have also issued reports on SUNB. KeyCorp reiterated an “overweight” rating and issued a $85.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating for the company in a research report on Wednesday. Bank of America started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 16th. They set an “underperform” rating and a $62.00 target price for the company. Jefferies Financial Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Wednesday, March 11th. Finally, Zacks Research upgraded Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Monday, March 30th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.25.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 3.0%

Shares of NYSE SUNB traded down $2.25 during trading on Wednesday, reaching $73.16. The stock had a trading volume of 3,330,309 shares, compared to its average volume of 3,983,694. 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 50-day moving average price of $76.69.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same period in the prior year, the company posted $0.76 earnings per share.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.