EQPT (NASDAQ:EQPT) Given New $22.00 Price Target at Citigroup

EQPT (NASDAQ:EQPT) had its price target lowered by research analysts at Citigroup from $25.00 to $22.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 6.57% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Citizens Jmp started coverage on shares of EQPT in a report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price target on the stock. Wells Fargo & Company cut their price target on shares of EQPT from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday. Robert W. Baird cut their price target on shares of EQPT from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Oppenheimer started coverage on shares of EQPT in a report on Tuesday, February 17th. They issued an “outperform” rating and a $39.00 price target on the stock. Finally, Zacks Research raised shares of EQPT to a “hold” rating in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

EQPT Stock Performance

Shares of NASDAQ:EQPT traded up $0.26 during midday trading on Monday, reaching $20.64. The company had a trading volume of 430,653 shares, compared to its average volume of 1,491,200. The stock has a 50 day simple moving average of $26.73. EQPT has a 52-week low of $18.80 and a 52-week high of $35.50.

EQPT (NASDAQ:EQPT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion.

EQPT Company Profile

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.