UBS Maintains a 'Neutral' on RSC Holdings (RRR); Strong 4Q Reflects Continued Improvement in Equip. Rental Fundamentals
Get Alerts RRR Hot Sheet
Price: $59.89 +0.22%
Rating Summary:
17 Buy, 10 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 10
Rating Summary:
17 Buy, 10 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 10
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UBS maintains a 'Neutral' on RSC Holdings (NYSE: RRR) price target raised from $19.05 to $21.34.
UBS analyst says, "Following a 4Q in which all regions delivered double-digit revenue growth and increases in utilization/profitability, RRR expects rental demand to “continue to outpace the underlying end markets” in 1Q. Noting “no signs of a slowdown” in growth, RRR’s “field organization is seeing a high level of activity, and actively looking for and requesting more fleet to meet strong and growing customer demand.”"
"Our price target for RRR is in line with the value of United Rentals’ (NYSE: URI) offer for shares as of the January 26 close (URI shares closed at $37.87)." (UBS raises FY12 EPS estimate from $1.05 to $1.08 and FY13 from $1.50 to $1.55)
For an analyst ratings summary and ratings history on RSC Holdings click here. For more ratings news on RSC Holdings click here.
Shares of RSC Holdings closed at $21.08 yesterday.
UBS analyst says, "Following a 4Q in which all regions delivered double-digit revenue growth and increases in utilization/profitability, RRR expects rental demand to “continue to outpace the underlying end markets” in 1Q. Noting “no signs of a slowdown” in growth, RRR’s “field organization is seeing a high level of activity, and actively looking for and requesting more fleet to meet strong and growing customer demand.”"
"Our price target for RRR is in line with the value of United Rentals’ (NYSE: URI) offer for shares as of the January 26 close (URI shares closed at $37.87)." (UBS raises FY12 EPS estimate from $1.05 to $1.08 and FY13 from $1.50 to $1.55)
For an analyst ratings summary and ratings history on RSC Holdings click here. For more ratings news on RSC Holdings click here.
Shares of RSC Holdings closed at $21.08 yesterday.
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