United Rentals stock weighs Q2 growth against JPMorgan downgrade
Published on 09/29/2026 at 08:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
United Rentals stock (ISIN US9113631090) was last at USD 1,043.92 on the NYSE on September 28, 2026 at 4:00 p.m. ET, down 0.30 percent from the prior close. The latest debate combines record second-quarter execution with a JPMorgan downgrade tied to the company's acquisition pipeline.
Q2 revenue reached USD 4.410 billion
Business Wire reported that United Rentals generated USD 4.410 billion of total revenue in Q2 2026, including USD 3.849 billion of rental revenue. Net income reached USD 753 million, while GAAP diluted EPS was USD 12.03 and adjusted EPS was USD 12.76.
The comparison with expectations was also material. MarketBeat said the company exceeded the consensus estimate of USD 11.53 adjusted EPS by USD 1.23, while revenue of USD 4.41 billion exceeded the USD 4.22 billion estimate. Revenue was up 11.8 percent from the comparable quarter.
JPMorgan lowers its target
The main counterweight came on September 10, 2026. According to Investing.com, JPMorgan downgraded United Rentals from Overweight to Neutral and reduced its price target from USD 1,235 to USD 1,170. The bank's thesis centered on the shrinking pool of sizable general rental acquisition targets, an important issue for a company that has expanded through mergers and acquisitions.
At the September 28 price of USD 1,043.92, JPMorgan's USD 1,170 target stood 12.08 percent above the stock. That gap contrasts with the broader operating picture, where adjusted EBITDA reached USD 2.056 billion in Q2 2026 at a 46.6 percent margin, according to Business Wire.
Stock remains below its yearly high
United Rentals traded within a September 28 session range of USD 1,032.15 to USD 1,053.46, with volume of 451,918 shares. Its 52-week range was USD 701.59 to USD 1,179.18, leaving the latest price 11.47 percent below the high and placing market capitalization at USD 65.0 billion.
United Rentals stock snapshot
- Company: United Rentals, Inc.
- ISIN: US9113631090
- Ticker: URI
- Trading venue: NYSE
- Price (as of September 28, 2026, 4:00 p.m. ET): USD 1,043.92
- Market capitalization: USD 65.0 billion (as of September 28, 2026)
- 52-week range: USD 701.59-1,179.18 (as of September 28, 2026)
- Sector / Industry: Industrials / Trading Companies and Distributors
- Index membership: S&P 500
