Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for United Rentals Inc. (NYSE: URI) weakened in recent days. URI’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
United Rentals Inc. (NYSE: URI) stock increased 1.4% on 9/27/24. The shares closed at $814.10. However, trading volume in this advance was below average at 80% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, URI is expected to continue to be a major Value Builder.
United Rentals has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United Rentals has a neutral Appreciation Score of 49 but a good Power Rating of 76, and the High Neutral Value Trend Rating results.
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