The construction equipment rental company announced Wednesday that it got a "no-action letter" from the Canadian Competition Bureau regarding its acquisition by United Rentals (URI).Shares of RSC Holdings hit a 52-week high on Wednesday of $22.40. The stock's 52-week low of $6.26 was set on Aug. 22. RSC has a forward P/E of 19.3X; the average for industrial suppliers is 16.9X. For comparison, Barnes Group (B) and Kaman (KAMN) both have lower forward P/Es of 14.8X and 14X respectively. Of the 10 analysts who cover RSC, nine have a hold rating on the stock and one has a sell rating. RSC gets a C grade and a hold rating from TheStreet Ratings. The stock has risen 18.97% year to date. United Rentals also reached a 52-week high Wednesday of $12.12. The stock's 52-week low of $12.81 was set on Aug. 19. United Rentals has a forward P/E of 10.2X; the average for business and support services companies is 21.1X. For comparison, Cintas (CTAS) and URS (URS) both have higher forward P/Es of 15.5X and 11X respectively. Nine of the 12 analysts who cover United Rentals rate the stock at buy; three are at hold. TheStreet Ratings gives United Rentals a C grade and hold rating. The stock has risen 37.66% year to date.
Eagle Materials The building materials company reported third-quarter earnings of $2.9 million, or 7 cents a share, earlier this month. The performance was down from a year-ago profit of $5.5 million, or 13 cents a share. "We think a positive story is forming into 2012 around pricing in its wallboard business, and we are raising our FY12 EPS estimate from $0.40 to $0.63 and our FY13 estimate from $0.84 to $1.30, largely reflecting incremental profits from wallboard," KeyBanc Capital Markets analysts wrote in a Feb. 7 report. Shares of Eagle Materials hit a 52-week high Wednesday of $33.98. The stock's 52-week low of $15.36 was set on Sept. 22. Eagle Materials has a forward P/E of 27.2X; the average among building materials and fixtures companies is 44.2X. For comparison, both Simpson Manufacturing (SSD) and Acuity Brands (AYI) have lower forward P/Es of 20.2X and 15.9X respectively. Eleven of the 15 analysts who cover Eagle Materials rate it a hold. Three analysts have a buy rating on the stock and one is at sell. TheStreet Ratings gives Eagle Materials a C+ grade and hold rating. The stock has increased 29.54% year to date.
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