Simply Wall St has raised its fair value estimate for United Rentals from US$1,084.25 to US$1,120.00, reflecting adjustments in key financial assumptions. The updated valuation incorporates a slight reduction in revenue growth from 8.01% to 7.96%, a trimmed net profit margin from 17.36% to 17.23%, a higher future P/E multiple from 22.19x to 23.07x, and a lower discount rate from 8.73% to 8.63%. The move comes amid mixed analyst price targets, with bullish firms such as UBS, Raymond James, BofA, and KeyBanc setting targets between US$1,195 and US$1,300, while JPMorgan and Bernstein have previously cut their targets on concerns that strong execution may already be priced in.
Bank of America Corp
KeyCorp
Raymond James Financial Inc.
UBS Group AGUnited Rentals IncSimply Wall St raised fair value estimate to $1,120, reflecting improved valuation assumptions.
JPMorgan Chase & Co