Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Releases Earnings Results, Beats Expectations By $0.01 EPS

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) posted its earnings results on Tuesday. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Zacks reports.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 3.8%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $82.78 on Tuesday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week high of $86.68. The business has a 50-day simple moving average of $76.54.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SUNB. Sanford C. Bernstein started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, May 12th. They set an “outperform” rating and a $86.00 price target on the stock. Bank of America began coverage on 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 on the stock. Barclays increased their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, March 10th. They set a “buy” rating and a $83.00 price objective on the stock. Finally, Jefferies Financial Group raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock presently has an average rating of “Moderate Buy” and an average target price of $81.57.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

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.