EQPT’s Quiet Period Will Expire on March 4th (NASDAQ:EQPT)

EQPT’s (NASDAQ:EQPT) quiet period will end on Wednesday, March 4th. EQPT had issued 30,500,000 shares in its public offering on January 23rd. The total size of the offering was $747,250,000 based on an initial share price of $24.50. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

EQPT has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $51.00 price objective for the company. Citigroup initiated coverage on shares of EQPT in a report on Tuesday, February 17th. They issued a “neutral” rating and a $35.00 target price for the company. Oppenheimer began coverage on shares of EQPT in a report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 price target on the stock. Robert W. Baird started coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $63.00 price objective on the stock. Finally, Zacks Research raised shares of EQPT to a “hold” rating in a research note on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, EQPT has a consensus rating of “Moderate Buy” and an average target price of $43.75.

EQPT Trading Up 2.2%

EQPT stock opened at $29.88 on Wednesday. EQPT has a 12 month low of $28.00 and a 12 month high of $35.50.

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.