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Investing.com - Bernstein SocGen Group raised its price target on United Rentals (NYSE:URI) to $885.00 from $856.00 on Sunday, while maintaining a Market Perform rating on the equipment rental company’s stock. The company, currently valued at $57.26 billion, is trading near its 52-week high of $896.98, according to InvestingPro data.
The price target adjustment follows United Rentals’ strong quarterly performance, which saw the stock finish up 9% after the company reported what analysts described as a "modest" second-quarter beat and raised guidance. The company’s momentum continues, with InvestingPro showing a remarkable 10.14% return over the past week. United Rentals increased its revenue guidance by $100 million due to higher ancillary revenues and boosted EBITDA guidance by $50 million, attributed to a first-quarter net merger termination benefit. The company’s trailing twelve-month EBITDA stands at $4.51 billion.
Fleet productivity improved to 3.3% from 3.1%, with management highlighting continued strength in mega projects such as new data centers, hospitals, and airports. The company also reported robust performance in industrial sectors including power, metals and minerals, and chemical processing, while noting that local market demand appears to be bottoming.
Bernstein SocGen raised its 2025 and 2026 EBITDA expectations for United Rentals, citing increased confidence in a stronger second-half exit rate. The firm’s analysis suggests the company’s core business is showing marginal improvement.
The analyst report pointed to an inflection in non-residential construction starts and changes to bonus depreciation tax laws as factors that could drive a stronger recovery in United Rentals’ core general rental business in the near future. With analyst targets ranging from $565 to $1,225 and an overall Financial Health Score of "GREAT" on InvestingPro, investors seeking deeper insights can access the comprehensive Pro Research Report, available exclusively to subscribers, which provides detailed analysis of URI’s market position and growth potential.
In other recent news, United Rentals reported its second-quarter earnings for 2025, showing a mixed performance. The company slightly missed its earnings per share (EPS) estimate, posting $10.47 compared to the forecasted $10.50. However, United Rentals exceeded revenue expectations, generating $3.94 billion against the anticipated $3.90 billion. The earnings report also highlighted a notable 14% year-over-year growth in their Specialty segment. Following these results, KeyBanc raised its price target for United Rentals to $960 from $865, maintaining an Overweight rating. The price target increase was attributed to the company’s strong rental revenue and raised full-year guidance. These developments reflect positive investor sentiment despite the slight EPS miss.
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