United Rentals stock reached an all-time high of $1,143.69 on June 25, gaining over 50% in the past year. The company, valued at $71.4 billion, is the world's largest equipment rental firm with operations in the United States, Canada, and Europe. Barchart assigns a 100% technical Buy rating, and the Trend Seeker Buy signal issued in late April has coincided with a 39.4% advance. Wall Street analysts are mostly bullish with 12 Strong Buy and 2 Moderate Buy ratings, though some caution a Hold given valuation. If interest rates decline and spur a construction boom, the stock could see further gains.
United Rentals IncAnalysts see upside if interest rates fall, spurring a construction boom that would increase demand for equipment rentals.