Bernstein SocGen cuts United Rentals stock price target on valuation
Bernstein SocGen has reduced its price target for United Rentals stock (NYSE:URI) from $1,317 to $1,215 while keeping its Outperform rating. United Rentals, a $66 billion company, currently trades at a P/E ratio of 25.6. The equipment rental firm is projected to have third-quarter EBITDA of $2.2 billion, surpassing consensus by 2%.
The analyst anticipates a 2026 guidance increase to $8.1 billion, which represents a 1% rise above expectations. The construction mix, with more mega projects and fewer local projects, is expected to favor United Rentals as it benefits from scale and specialty offerings. The fourth-quarter exit rate of their fleet suggests a potential upside to 2027 equipment rental revenue estimates.
Despite being 10% de-rated compared to rental peers, United Rentals offers a more attractive setup according to the analyst. For a detailed analysis of URI’s valuation and growth prospects, investors can refer to the InvestingPro Pro Research Report.
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