Oppenheimer analyst Scott Schneeberger maintains $United Rentals (URI.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 61.3% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $United Rentals (URI.US)$'s main analysts recently are as follows:
Post-Q3 report observations indicate that key performance indicators for United Rentals are exhibiting a downward trend, with unit economics showing a decline since the latter part of 2022.
United Rentals is expected to see growth by 2025, driven by mega projects. This is anticipated despite the potential for ongoing softness in local markets, as detailed in an analyst's research note.
While the third-quarter results were somewhat below expectations and presented some points of underperformance, the outlook suggests that United Rentals' growth trajectory is expected to continue into 2025, even against a subdued industrial environment. It is believed that the company's business model and financial structure are robustly equipped to adapt effectively during periods of economic fluctuation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
