EQPT (NASDAQ:EQPT) Reaches New 12-Month Low – Time to Sell?

Shares of EQPT (NASDAQ:EQPT) reached a new 52-week low on Wednesday . The stock traded as low as $19.61 and last traded at $20.80, with a volume of 2312081 shares trading hands. The stock had previously closed at $20.34.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of EQPT in a report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 target price on the stock. KeyCorp assumed coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “sector weight” rating for the company. Oppenheimer assumed coverage on shares of EQPT in a report on Tuesday, February 17th. They issued an “outperform” rating and a $39.00 target price for the company. Citizens Jmp started coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 target price for the company. Finally, Robert W. Baird lowered their price target on EQPT from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

EQPT Price Performance

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

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.