Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Coverage Initiated by Analysts at Bank of America

Bank of America initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in a report published on Monday, MarketBeat reports. The firm issued an underperform rating and a $62.00 price target on the stock.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, March 10th. They set a “buy” rating and a $83.00 price target on the stock. BNP Paribas Exane began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 9th. They issued an “outperform” rating for the company. Weiss Ratings started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, March 5th. They set a “buy (b)” rating on the stock. JPMorgan Chase & Co. cut their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Barclays assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They issued an “overweight” rating for the company. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of NYSE:SUNB opened at $73.14 on Monday. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $68.67 and a twelve month high of $76.77.

Sunbelt Rentals Holdings, Inc operates a large equipment rental business that provides access to tools and machinery for construction, industrial, infrastructure, specialty contracting and consumer markets. The company’s core business is the short- and long-term rental of a broad array of equipment — including earthmoving and material-handling machines, aerial work platforms, power generation and climate-control systems, pumps and dewatering gear, scaffolding and shoring, hand and light tools, and specialty site services — together with related parts, maintenance and logistics support.

Sunbelt serves commercial contractors, specialty trades, industrial customers, municipalities and homeowners by combining its rental fleet with ancillary services such as delivery and pickup, on-site fleet management, preventive maintenance, project consulting and safety training.