RBC Capital Raises Target for Sunbelt Rentals to $80
RBC Capital has upgraded Sunbelt Rentals Holdings, Inc. to a hold rating with a new price target of $80, a 9.26% upside from the current price.
Key Points
- RBC Capital upgraded Sunbelt Rentals to a hold rating with a new price target of $80 on June 22, 2026.
- RBC Capital's $80 price target implies 9.26% upside from Sunbelt Rentals Holdings, Inc.'s ($SUNB) current $73.22 share price.
- Sunbelt Rentals traded at $86.06 on Monday, with a market cap of $35.6 billion and a P/E ratio of 26.4.
- Dodge & Cox opened a new position in Sunbelt Rentals with 53.1 million shares valued at $3.46 billion.
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On June 22, 2026, RBC Capital analyst Karl Green upgraded Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) to a hold rating, setting a new price target of $80. The stock was trading at $86.06 on that day.
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Other Institutional Activity in Sunbelt Rentals
Dodge & Cox opened a new position in Sunbelt Rentals, acquiring 53.1 million shares valued at about $3.46 billion. Vanguard Capital Management LLC also initiated a stake with 26.1 million shares worth approximately $1.68 billion. Vanguard Portfolio Management LLC followed suit, taking a new position with 19.7 million shares valued at $1.28 billion. Abrams Bison Investments, LLC added 12.6 million shares to its portfolio, totaling $818 million in value. Similarly, Harris Associates L P and Wellington Management Group LLP opened new positions with 11.7 million and 11.2 million shares, worth $759 million and $703 million respectively.
Sunbelt Rentals Holdings, Inc. Stock Holds Steady
Shares of NYSE:SUNB traded near $86.06 on Monday. Sunbelt Rentals has a market cap of $35.6 billion and a P/E ratio of 26.4. The stock has a 52-week low of $61.03 and a high of $86.68, with a 50-day moving average of $75.98 and a 200-day moving average of $73.56. The company's current ratio is 1.02, with a quick ratio of 0.77 and a debt-to-equity ratio of 137.45.
$SUNB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 22, 2026, RBC Capital upgraded Sunbelt Rentals to a hold rating with a price target of $80. Barclays maintained its buy rating with a $90 target on the same day. Earlier, Citigroup maintained a buy rating with a $95 target on June 12, 2026. The consensus recommendation for Sunbelt Rentals is a buy, with a mean target price of $83.86 among 14 analysts.
About Sunbelt Rentals
Sunbelt Rentals Holdings, Inc. is a leading company in the rental and leasing services industry, headquartered in Fort Mill, South Carolina. It offers a wide range of equipment rental services in the U.S., U.K., and Canada, including pumps, power generation, and scaffolding. The company serves various sectors such as construction, maintenance, and entertainment, providing solutions for airports, highways, office buildings, and more. Founded in 1947, Sunbelt Rentals is led by CEO Brendan Christopher Horgan and employs over 25,000 people.
Bottom Line
RBC Capital's recent upgrade of Sunbelt Rentals to a hold rating with a new price target of $80 reflects a cautious stance amidst market conditions. With significant institutional interest, as seen by new positions from major funds, Sunbelt Rentals remains a company to watch. As always, keep in mind that analyst ratings and 13F filings are backward-looking and may not reflect current conditions.
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