EQPT (NASDAQ:EQPT) Shares Down 7.4% on Analyst Downgrade

Shares of EQPT (NASDAQ:EQPT) fell 7.4% during trading on Monday after Citigroup lowered their price target on the stock from $35.00 to $31.00. Citigroup currently has a neutral rating on the stock. EQPT traded as low as $25.63 and last traded at $25.76. 395,219 shares were traded during trading, a decline of 69% from the average session volume of 1,288,287 shares. The stock had previously closed at $27.82.

A number of other research firms also recently issued reports on EQPT. Zacks Research raised EQPT to a “hold” rating in a research report on Wednesday, February 18th. Citizens Jmp began coverage on EQPT in a research note on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Robert W. Baird began coverage on EQPT in a report on Tuesday, February 17th. They set an “outperform” rating and a $63.00 target price for the company. Oppenheimer began coverage on shares of EQPT in a research report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 target price for the company. Finally, Wall Street Zen lowered shares of EQPT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.25.

EQPT Price Performance

About EQPT

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