Citizens Jmp Begins Coverage on U-Haul (NYSE:UHAL)

Investment analysts at Citizens Jmp began coverage on shares of U-Haul (NYSE:UHAL) in a report released on Wednesday, MarketBeat reports. The firm set a “mkt outperform” rating and a $90.00 price target on the stock. Citizens Jmp’s target price suggests a potential upside of 24.77% from the stock’s previous close.

A number of other research firms have also recently weighed in on UHAL. Citigroup started coverage on U-Haul in a report on Wednesday. They set an “outperform” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of U-Haul in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded U-Haul from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

U-Haul Price Performance

Shares of U-Haul stock opened at $72.13 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 300.56 and a beta of 1.11. U-Haul has a 1-year low of $41.94 and a 1-year high of $72.32. The firm’s 50-day moving average price is $59.84 and its two-hundred day moving average price is $54.28.

U-Haul (NYSE:UHAL) last posted its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.02. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. The company had revenue of $1.27 billion during the quarter. On average, equities analysts predict that U-Haul will post 1.32 earnings per share for the current fiscal year.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional bought a new position in U-Haul in the 2nd quarter worth approximately $56,000. Maverick Capital Ltd. bought a new position in U-Haul in the 1st quarter valued at $651,000. Caxton Associates LLP acquired a new stake in shares of U-Haul in the 1st quarter valued at $496,000. Inceptionr LLC acquired a new stake in shares of U-Haul in the 1st quarter valued at $709,000. Finally, State of Wyoming raised its position in shares of U-Haul by 215.2% during the first quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after acquiring an additional 5,366 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.