Analysts Set Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Target Price at $81.57

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $81.25.

A number of equities analysts recently weighed in on the company. Jefferies Financial Group raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Wednesday, March 11th. 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. The Goldman Sachs Group began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, March 10th. They set a “buy” rating and a $83.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Finally, Citigroup lowered their target price on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 2.8%

NYSE:SUNB opened at $74.91 on Wednesday. The business’s 50-day moving average price is $77.20. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same quarter in the prior year, the company earned $0.76 earnings per share.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 10th.

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.