Shares of AMERCO (NASDAQ:UHAL) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus target price of $400.00 for the company and are anticipating that the company will post $3.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AMERCO an industry rank of 63 out of 257 based on the ratings given to related companies.
Several brokerages have commented on UHAL. BidaskClub raised shares of AMERCO from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 22nd. ValuEngine raised shares of AMERCO from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th.
NASDAQ:UHAL opened at $345.72 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 22.02 and a beta of 0.86. AMERCO has a 12 month low of $316.00 and a 12 month high of $386.64.
AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 7th. The transportation company reported $8.35 earnings per share for the quarter, beating analysts’ consensus estimates of $6.49 by $1.86. AMERCO had a net margin of 22.32% and a return on equity of 9.56%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm earned $6.36 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that AMERCO will post 17.96 EPS for the current year.
In other AMERCO news, General Counsel Respino Laurence J. De sold 75 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $369.92, for a total transaction of $27,744.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in UHAL. Voya Investment Management LLC grew its position in AMERCO by 10.8% during the 2nd quarter. Voya Investment Management LLC now owns 1,472 shares of the transportation company’s stock valued at $524,000 after purchasing an additional 144 shares during the last quarter. Fairbanks Capital Management Inc. lifted its stake in AMERCO by 2.5% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 6,406 shares of the transportation company’s stock valued at $2,281,000 after acquiring an additional 159 shares during the period. State of Alaska Department of Revenue lifted its stake in AMERCO by 30.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 720 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 170 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AMERCO by 16.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,318 shares of the transportation company’s stock valued at $469,000 after acquiring an additional 187 shares during the period. Finally, Strs Ohio lifted its stake in AMERCO by 16.7% during the 3rd quarter. Strs Ohio now owns 1,350 shares of the transportation company’s stock valued at $481,000 after acquiring an additional 193 shares during the period. 37.33% of the stock is currently owned by hedge funds and other institutional investors.
AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.
Read More: Average Daily Trade Volume – What You Need to Know
Get a free copy of the Zacks research report on AMERCO (UHAL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AMERCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERCO and related companies with MarketBeat.com's FREE daily email newsletter.