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

EQPT (NASDAQ:EQPT) hit a new 52-week low on Tuesday . The company traded as low as $19.29 and last traded at $19.31, with a volume of 2277813 shares. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

Several research firms have weighed in on EQPT. Zacks Research raised EQPT to a “hold” rating in a report on Wednesday, February 18th. Citizens Jmp initiated coverage on EQPT in a report on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of EQPT from $41.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. The Goldman Sachs Group initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They set a “buy” rating and a $51.00 target price for the company. Finally, Oppenheimer initiated coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $39.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

EQPT Trading Down 3.7%

EQPT (NASDAQ:EQPT) last issued its earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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.