Sectors & IndustriesIndustrialsRental & Leasing Services

Best Rental & Leasing Service Stocks to Buy Now (2023)

Top rental & leasing service stocks in 2023 ranked by overall Zen Score. See the best rental & leasing service stocks to buy now, according to analyst forecasts for the rental & leasing services industry.

According to Zen Score, the 3 best rental & leasing service stocks to buy right now are:

Air Lease (NYSE:AL) is the top rental & leasing service stock with a Zen Score of 48, which is 18 points higher than the rental & leasing service industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Air Lease has seen its stock return 0.96% over the past year, underperforming other rental & leasing service stocks by -12 percentage points.

Air Lease has an average 1 year price target of $51.00, an upside of 31.51% from Air Lease's current stock price of $38.78.

Air Lease stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Air Lease, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Custom Truck One Source (NYSE:CTOS) is the second best rental & leasing service stock with a Zen Score of 45, which is 15 points higher than the rental & leasing service industry average of 30. It passed 15 out of 33 due diligence checks and has strong fundamentals. Custom Truck One Source has seen its stock lose -13.08% over the past year, underperforming other rental & leasing service stocks by -26 percentage points.

Custom Truck One Source has an average 1 year price target of $8.50, an upside of 42.14% from Custom Truck One Source's current stock price of $5.98.

Custom Truck One Source stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Custom Truck One Source, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

H&E Equipment Services (NASDAQ:HEES) is the third best rental & leasing service stock with a Zen Score of 43, which is 13 points higher than the rental & leasing service industry average of 30. It passed 15 out of 38 due diligence checks and has strong fundamentals. H&E Equipment Services has seen its stock return 10.2% over the past year, underperforming other rental & leasing service stocks by -2 percentage points.

H&E Equipment Services has an average 1 year price target of $61.00, an upside of 32.58% from H&E Equipment Services's current stock price of $46.01.

H&E Equipment Services stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering H&E Equipment Services, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 10 rental & leasing service stocks that have issued dividends in the past year, the 3 rental & leasing service stocks with the highest dividend yields are:

Ftai Aviation (NASDAQ:FTAI) has an annual dividend yield of 2.85%, which is 1 percentage points higher than the rental & leasing service industry average of 2.15%. Ftai Aviation's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Ftai Aviation's dividend has shown consistent growth over the last 10 years.

Ftai Aviation's dividend payout ratio of 97.6% indicates that its dividend yield might not be sustainable for the long-term.

Ryder System (NYSE:R) has an annual dividend yield of 2.47%, which is the same as the rental & leasing service industry average of 2.15%. Ryder System's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Ryder System's dividend has shown consistent growth over the last 10 years.

Ryder System's dividend payout ratio of 24.6% indicates that its dividend yield is sustainable for the long-term.

Textainer Group Holdings (NYSE:TGH) has an annual dividend yield of 2.44%, which is the same as the rental & leasing service industry average of 2.15%. Textainer Group Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Textainer Group Holdings's dividend has not shown consistent growth over the last 10 years.

Textainer Group Holdings's dividend payout ratio of 23.2% indicates that its dividend yield is sustainable for the long-term.

Rental & leasing service stocks were down -2.49% in the last day, and up 3.21% over the last week.

We couldn't find a catalyst for why rental & leasing service stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued rental & leasing service stocks right now are:

Air Lease (NYSE:AL) is the most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. Air Lease has a valuation score of 71, which is 38 points higher than the rental & leasing service industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Air Lease's stock has gained 0.96% in the past year. It has underperformed other stocks in the rental & leasing service industry by -12 percentage points.

Hertz Global Holdings (NASDAQ:HTZ) is the second most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. Hertz Global Holdings has a valuation score of 57, which is 24 points higher than the rental & leasing service industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Hertz Global Holdings's stock has dropped -46.43% in the past year. It has underperformed other stocks in the rental & leasing service industry by -59 percentage points.

Willis Lease Finance (NASDAQ:WLFC) is the third most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. Willis Lease Finance has a valuation score of 57, which is 24 points higher than the rental & leasing service industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Willis Lease Finance's stock has dropped -8% in the past year. It has underperformed other stocks in the rental & leasing service industry by -21 percentage points.