Is United Rentals (URI) Still Attractive After Strong Multi Year Share Price Gains

  • If you are looking at United Rentals and wondering whether the current share price around US$921.24 still offers value, you are not alone.
  • The stock price has had a mixed short term pattern, with a 1.9% decline over the last 7 days, a 16.2% gain over 30 days, a 9.0% return year to date and a 20.6% return over the past year. The 3 year return is very large at around 7x and the 5 year return is also very large.
  • Recent news coverage around United Rentals has focused on its role as one of the largest equipment rental providers in the US and how that positions the company within construction and industrial activity. This helps frame how investors think about the stock. Commentary has also highlighted how expectations around infrastructure…

Source link