Sectors & IndustriesIndustrialsRental & Leasing Services

Best Rental & Leasing Service Stocks to Buy Now (2024)

Top rental & leasing service stocks in 2024 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:

Custom Truck One Source (NYSE:CTOS) is the top rental & leasing service stock with a Zen Score of 43, which is 17 points higher than the rental & leasing service industry average of 26. It passed 14 out of 33 due diligence checks and has strong fundamentals. Custom Truck One Source has seen its stock lose -29.45% over the past year, underperforming other rental & leasing service stocks by -73 percentage points.

Custom Truck One Source has an average 1 year price target of $8.00, an upside of 73.91% from Custom Truck One Source's current stock price of $4.60.

Custom Truck One Source stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Custom Truck One Source, 25% have issued a Strong Buy rating, 50% 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 second best rental & leasing service stock with a Zen Score of 40, which is 14 points higher than the rental & leasing service industry average of 26. It passed 14 out of 38 due diligence checks and has average fundamentals. H&E Equipment Services has seen its stock return 35.86% over the past year, underperforming other rental & leasing service stocks by -8 percentage points.

H&E Equipment Services has an average 1 year price target of $64.00, an upside of 31.77% from H&E Equipment Services's current stock price of $48.57.

H&E Equipment Services stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.

Willscot Mobile Mini Holdings (NASDAQ:WSC) is the third best rental & leasing service stock with a Zen Score of 40, which is 14 points higher than the rental & leasing service industry average of 26. It passed 14 out of 33 due diligence checks and has average fundamentals. Willscot Mobile Mini Holdings has seen its stock lose -11.25% over the past year, underperforming other rental & leasing service stocks by -55 percentage points.

Willscot Mobile Mini Holdings has an average 1 year price target of $51.00, an upside of 28.79% from Willscot Mobile Mini Holdings's current stock price of $39.60.

Willscot Mobile Mini Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Willscot Mobile Mini Holdings, 55.56% have issued a Strong Buy rating, 22.22% have issued a Buy, 22.22% 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:

Avis Budget Group (NASDAQ:CAR) has an annual dividend yield of 7.82%, which is 5 percentage points higher than the rental & leasing service industry average of 2.39%. Avis Budget Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Avis Budget Group's dividend has not shown consistent growth over the last 10 years.

Avis Budget Group's dividend payout ratio of 30.9% indicates that its high dividend yield is sustainable for the long-term.

Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.31%, which is 2 percentage points higher than the rental & leasing service industry average of 2.39%. Upbound Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Upbound Group's dividend has shown consistent growth over the last 10 years.

Upbound Group's dividend payout ratio of -322.7% indicates that its dividend yield might not be sustainable for the long-term.

Alta Equipment Group (NYSE:ALTG) has an annual dividend yield of 2.58%, which is the same as the rental & leasing service industry average of 2.39%.

Alta Equipment Group's dividend payout ratio of -108.6% indicates that its dividend yield might not be sustainable for the long-term.

Rental & leasing service stocks were up 0.46% in the last day, and up 3.19% over the last week. Hertz Global Holdings was the among the top gainers in the rental & leasing services industry, gaining 9.69% yesterday.

Shares of several stocks popular on social media are trading lower amid continued volatility following a surge in retail investor interest.

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

Hertz Global Holdings (NASDAQ:HTZ) is the most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. Hertz Global Holdings has a valuation score of 71, which is 44 points higher than the rental & leasing service industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Hertz Global Holdings's stock has dropped -61.95% in the past year. It has underperformed other stocks in the rental & leasing service industry by -105 percentage points.

Herc Holdings (NYSE:HRI) is the second most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. Herc Holdings has a valuation score of 57, which is 30 points higher than the rental & leasing service industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Herc Holdings's stock has gained 51.87% in the past year. It has overperformed other stocks in the rental & leasing service industry by 8 percentage points.

Air Lease (NYSE:AL) is the third most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. Air Lease has a valuation score of 43, which is 16 points higher than the rental & leasing service industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Air Lease's stock has gained 28.18% in the past year. It has underperformed other stocks in the rental & leasing service industry by -15 percentage points.