Wall Street Zen Downgrades U-Haul (NYSE:UHAL) to Sell

U-Haul (NYSE:UHAL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research analysts also recently issued reports on UHAL. Citigroup initiated coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of U-Haul in a research note on Wednesday, June 24th. Finally, Citizens Jmp began coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

U-Haul Trading Up 0.1%

UHAL stock opened at $71.51 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04. U-Haul has a twelve month low of $41.94 and a twelve month high of $72.95. The company has a market cap of $14.02 billion, a P/E ratio of 297.96 and a beta of 1.11. The business has a fifty day moving average of $62.33 and a 200-day moving average of $55.14.

U-Haul (NYSE:UHAL) last posted its quarterly earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.02. The business had revenue of $1.27 billion for the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%. As a group, equities research analysts expect that U-Haul will post 1.32 EPS for the current year.

Hedge Funds Weigh In On U-Haul

Several hedge funds have recently added to or reduced their stakes in the stock. CX Institutional bought a new position in U-Haul during the second quarter worth about $56,000. Brevan Howard Capital Management LP bought a new stake in shares of U-Haul in the 3rd quarter valued at about $218,000. Inscription Capital LLC acquired a new stake in shares of U-Haul in the 4th quarter valued at approximately $223,000. Shay Capital LLC acquired a new stake in shares of U-Haul in the 3rd quarter valued at approximately $257,000. Finally, Legacy Capital Group California Inc. boosted its stake in U-Haul by 4.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock worth $242,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.