On Oct 25, major Wall Street analysts update their ratings for $United Rentals (URI.US)$, with price targets ranging from $565 to $955.
Citi analyst Kyle Menges maintains with a buy rating, and adjusts the target price from $930 to $955.
Barclays analyst Adam Seiden maintains with a sell rating, and adjusts the target price from $400 to $565.
Baird analyst Mircea Dobre maintains with a sell rating, and maintains the target price at $650.
KeyBanc analyst Kenneth Newman maintains with a hold rating.
Truist Financial analyst Jamie Cook maintains with a buy rating, and sets the target price at $955.
Furthermore, according to the comprehensive report, the opinions of $United Rentals (URI.US)$'s main analysts recently are as follows:
Post the Q3 report, it's noted that United Rentals' key performance indicators are exhibiting a downward trend, and the unit economics have been experiencing a decline since the latter part of 2022.
United Rentals is expected to experience growth by 2025, which is anticipated to be driven by mega projects. This outlook persists despite the potential for ongoing softness in local markets, as noted by an analyst.
The company's Q3 outcomes were marginally below expectations, with certain aspects not meeting forecasts. Despite this, the projection for Q4 isn't assured, yet growth is anticipated to continue into 2025 even against a subdued industrial environment. It is believed that the company merits a higher valuation multiple as easing monetary policies begin to take effect. The business model and financial structure are considered to be robust, with the flexibility to adjust to the changes in the economic cycle.
The company noted a minor discrepancy in earnings while maintaining its future projections. Analysts observe indications that are in line with the peak of demand, which is also reflected in the commencement of construction activities and the slowing pace of non-residential expenditure commitments.
Here are the latest investment ratings and price targets for $United Rentals (URI.US)$ from 6 analysts:
Note:
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