Citigroup Reaffirms Buy Rating for Sunbelt Rentals, Targets $90
Citigroup continues to recommend Sunbelt Rentals with a $90 price target, a 21.51% upside from the current price.
Key Points
- Citigroup reiterated its buy rating on Sunbelt Rentals (SUNB) with a price target of $90 on June 24, 2026.
- Citigroup's $90 price target implies 21.51% upside from Sunbelt Rentals Holdings, Inc.'s ($SUNB) current $74.07 share price.
- Sunbelt Rentals shares traded at $75.41 on Thursday, with a market cap of about $34.4 billion and a P/E ratio of 25.53.
- Other analysts like RBC Capital and Barclays also maintain positive outlooks, with price targets of $80 and $90 respectively.
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Citigroup has reaffirmed its buy rating on Sunbelt Rentals Holdings, Inc. (NYSE:SUNB), setting a price target of $90. The reiteration was made by analyst Kyle Menges on June 24, 2026. This comes as Sunbelt's stock traded at approximately $75.41 on Thursday.
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Sunbelt Rentals Holdings, Inc. Stock Up 1.2%
Shares of NYSE:SUNB traded near $75.41 on Thursday. Sunbelt Rentals boasts a market capitalization of around $34.4 billion and a P/E ratio of 25.53. The company's stock has experienced a 52-week low of $61.03 and a high of $86.68. Its 50-day moving average is $75.98, while the 200-day moving average stands at $73.56. The company's beta is 1.646, indicating a higher volatility compared to the market.
$SUNB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 24, 2026, Citigroup maintained its buy rating on Sunbelt Rentals with a $90 price target. Just days earlier, on June 22, RBC Capital upgraded its rating to hold with a target of $80, while Barclays maintained its buy rating with a $90 target. These ratings reflect continued confidence in Sunbelt's market performance.
Other Institutional Activity in Sunbelt Rentals
Several institutional investors have shown interest in Sunbelt Rentals. Dodge & Cox opened a new position with 53,101,847 shares valued at approximately $3.46 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC also initiated new stakes, holding 26,099,040 shares worth about $1.68 billion and 19,727,920 shares valued at $1.28 billion, respectively. Abrams Bison Investments, LLC and Harris Associates L P have similarly entered new positions, with Abrams holding 12,561,085 shares worth $817.6 million and Harris holding 11,653,333 shares valued at $758.5 million.
About Sunbelt Rentals
Sunbelt Rentals Holdings, Inc. is a major player in the industrials sector, operating within the rental and leasing services industry. Headquartered in Fort Mill, South Carolina, the company is led by CEO Brendan Christopher Horgan and employs over 25,000 people. Sunbelt Rentals provides a wide range of equipment rental services across the United States, the United Kingdom, and Canada, catering to various sectors such as construction, maintenance, and events.
Bottom Line
Citigroup's reiterated buy rating and $90 price target for Sunbelt Rentals highlights continued analyst confidence in the company's growth potential. The stock's current trading level, along with its market cap and P/E ratio, offers a snapshot of its market position. As always, it's important to remember that analyst ratings are based on past data and market conditions can change.
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