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 16 points higher than the rental & leasing service industry average of 27. It passed 14 out of 33 due diligence checks and has strong fundamentals. Custom Truck One Source has seen its stock lose -30.2% 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 $8.25, an upside of 82.12% from Custom Truck One Source's current stock price of $4.53.

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 13 points higher than the rental & leasing service industry average of 27. It passed 14 out of 38 due diligence checks and has average fundamentals. H&E Equipment Services has seen its stock return 39.75% over the past year, underperforming other rental & leasing service stocks by -4 percentage points.

H&E Equipment Services has an average 1 year price target of $64.00, an upside of 28.57% from H&E Equipment Services's current stock price of $49.78.

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 13 points higher than the rental & leasing service industry average of 27. It passed 14 out of 33 due diligence checks and has average fundamentals. Willscot Mobile Mini Holdings has seen its stock lose -8.42% over the past year, underperforming other rental & leasing service stocks by -52 percentage points.

Willscot Mobile Mini Holdings has an average 1 year price target of $51.00, an upside of 26.33% from Willscot Mobile Mini Holdings's current stock price of $40.37.

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 8.38%, which is 6 percentage points higher than the rental & leasing service industry average of 2.44%. 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.

H&E Equipment Services (NASDAQ:HEES) has an annual dividend yield of 2.21%, which is the same as the rental & leasing service industry average of 2.44%. H&E Equipment Services's dividend payout is stable, having never dropped by more than 10% in the last 10 years. H&E Equipment Services's dividend has shown consistent growth over the last 10 years.

H&E Equipment Services's dividend payout ratio of 23.5% indicates that its dividend yield is sustainable for the long-term.

Ryder System (NYSE:R) has an annual dividend yield of 2.17%, which is the same as the rental & leasing service industry average of 2.44%. 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 35% indicates that its dividend yield is sustainable for the long-term.

Rental & leasing service stocks were up 0.41% in the last day, and up 3.93% over the last week.

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

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 -69.46% in the past year. It has underperformed other stocks in the rental & leasing service industry by -113 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 52.69% in the past year. It has overperformed other stocks in the rental & leasing service industry by 9 percentage points.

H&E Equipment Services (NASDAQ:HEES) is the third most undervalued rental & leasing service stock based on WallStreetZen's Valuation Score. H&E Equipment Services 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.

H&E Equipment Services's stock has gained 39.75% in the past year. It has underperformed other stocks in the rental & leasing service industry by -4 percentage points.