Analysts Set EQPT (NASDAQ:EQPT) Price Target at $40.50

EQPT (NASDAQ:EQPT) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $40.50.

Several equities analysts recently weighed in on EQPT shares. Robert W. Baird reduced their price target on shares of EQPT from $63.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Zacks Research upgraded shares of EQPT to a “hold” rating in a research report on Wednesday, February 18th. Citizens Jmp started coverage on shares of EQPT in a research report on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 price target for the company. Wells Fargo & Company reduced their price target on shares of EQPT from $41.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Finally, Wall Street Zen upgraded shares of EQPT from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th.

EQPT Price Performance

Shares of EQPT stock opened at $20.38 on Wednesday. The firm has a 50-day moving average price of $26.73. EQPT has a one year low of $18.80 and a one year high of $35.50.

EQPT (NASDAQ:EQPT) last announced its earnings results on Wednesday, March 18th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.57 billion during 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.