AMERCO Inc. (UHAL) is the parent company of U-Haul International, the largest consumer truck rental company in the world. It is also the second largest self-storage company in North America.
The impact of the decline in housing and a decrease in apartment occupancy rates appears to have ended. We expect continued improvements in operating parameters.
The stock has usually been valued on EBITDAL (EBITDA plus lease expense) per share, selling between two and three times EBITDAL. The stock has reached our low-end target price and we have upgraded the stock to outperform with a target price of $110.
AMERCO INC (UHAL): Free Stock Analysis Report
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