On June 26, United Rentals rose 4.63% in regular trading, trading at $1,133.19/share, with turnover of $210 million. The rally was triggered by KeyBanc raising its price target on the stock from $1,150 to $1,250 on June 25, while maintaining its Overweight rating.
The upgrade is part of a broader wave of analyst optimism. Earlier in June, Raymond James raised its target from $1,100 to $1,275 maintaining Outperform, while Argus lifted its target from $900 to $1,200. According to FactSet, the stock currently carries an average Overweight rating with a consensus target of approximately $1,112. The bullish sentiment follows a strong Q1 earnings report in April, where adjusted EPS of $9.71 beat the $8.97 estimate by 8.25%, and revenue of $3.985 billion topped the $3.877 billion consensus. The company simultaneously raised its full-year revenue guidance to $16.9 billion–$17.4 billion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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