#4 - United Rentals (NYSE:URI)
If sustainability is one of your primary investing motivations, United Rentals (NYSE:URI) is another company to have on your watchlist. The premise is that renting equipment creates a more sustainable economy that supports the sharing economy.
Analysts are also optimistic about the company’s recent acquisition of Ahern Rentals. The $2 billion cash purchase required the company to borrow $1.5 billion in a higher interest rate environment. Nevertheless, the acquisition is considered a growth catalyst and many analysts are raising their price targets for URI stock.
United Rentals is expected to grow revenue at around a 7% rate with earnings per share (EPS) expected to grow at an even more impressive rate of 15%. Currently, URI stock trades at a P/E ratio of 13.16% and unlike many stocks United Rentals is up 7% in 2022.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
Read More - Current Price
- $849.32
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 4 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $751.67 (11.5% Downside)
