Citizens Starts U-Haul Holding Co. (UHAL) at Market Outperform

Citizens analyst Jeff Kauffman initiates coverage on U-Haul Holding Co. (NYSE: UHAL) with a Market Outperform rating and a price target of $90.00.

The analyst comments: "We believe that given the makeup of the company's business units, an SOTP valuation methodology is the most appropriate (Figure 24), as there is a reliable universe of companies in the self-storage business (e.g., PSA, EXR, NSA, and CUBE, Figure 24) to develop a comparable group, and that group trades differently than the rental business. In terms of valuing the rental business, we have the company's history and a distant publicly traded comparable (Ryder) to evaluate the proper trading range for the rental and other operations."

For an analyst ratings summary and ratings history on U-Haul Holding Co. click here. For more ratings news on U-Haul Holding Co. click here.

Shares of U-Haul Holding Co. closed at $68.71 yesterday.

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