EQPT (NASDAQ:EQPT) Given New $32.00 Price Target at Wells Fargo & Company

EQPT (NASDAQ:EQPT) had its price objective lowered by Wells Fargo & Company from $35.00 to $32.00 in a research note released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on EQPT. Citizens Jmp initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price target on the stock. Truist Financial decreased their price target on shares of EQPT from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Oppenheimer initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $39.00 price target on the stock. Wall Street Zen upgraded shares of EQPT from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, UBS Group initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price target on the stock. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

EQPT Stock Performance

EQPT opened at $21.04 on Monday. EQPT has a 1-year low of $18.80 and a 1-year high of $35.50. The stock has a 50 day simple moving average of $26.62.

EQPT (NASDAQ:EQPT) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion.

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.