Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Has Consensus Price Target of $87.33 According to Analysts

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $87.33.

SUNB has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Bank of America upped their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an “underperform” rating in a research report on Thursday, September 10th. KeyCorp raised their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Wells Fargo & Company began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, August 17th. They set an “overweight” rating and a $96.00 target price for the company. Finally, The Goldman Sachs Group raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and lifted their target price for the company from $78.00 to $93.00 in a report on Wednesday, September 16th.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of SUNB stock opened at $83.62 on Tuesday. The stock has a market cap of $34.26 billion and a PE ratio of 43.55. The business has a 50-day simple moving average of $75.01 and a 200-day simple moving average of $74.57. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.08. 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 earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.19. The company had revenue of $3.12 billion during the quarter. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a dividend of $0.30 per share. This is a drop from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is 62.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth about $440,999,000. Metropolis Capital Ltd boosted its position in Sunbelt Rentals Holdings, Inc. Common Stock by 2.9% during the third quarter. Metropolis Capital Ltd now owns 3,644,072 shares of the company’s stock worth $270,053,000 after purchasing an additional 101,593 shares in the last quarter. Cooke & Bieler LP purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth approximately $153,350,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at approximately $92,910,000. Finally, James Hambro & Partners LLP grew its holdings in Sunbelt Rentals Holdings, Inc. Common Stock by 1.7% in the third quarter. James Hambro & Partners LLP now owns 1,195,451 shares of the company’s stock valued at $88,488,000 after purchasing an additional 20,294 shares during the period.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.