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United Rentals (URI) is a Top-Ranked Value Stock: Should You Buy?

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

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United Rentals (URI)

Headquartered in Stamford, CT, United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 1,390 rental locations in United States, Canada and Europe. Moreover, it operates in 49 states and every Canadian province. The company offers 4,500 classes of equipment for rent at a total original equipment cost (“OEC”) of $17.43 billion (as of September 2022).

URI is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 10.9X for the current fiscal year compared to the Building Products - Miscellaneous industry's P/E of 12.7X. Additionally, URI has a PEG Ratio of 0.6 and a Price/Cash Flow ratio of 7.1X. Value investors should also note URI's Price/Sales ratio of 2.2X.

Many value investors pay close attention to a company's earnings as well. For URI, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.58 to $32.53 per share for 2022. Per share URI boasts an average earnings surprise of 9.5%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding URI to their portfolios.


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United Rentals, Inc. (URI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research