United Rentals, Inc. (NYSE:URI) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $148.29.
Several research firms recently commented on URI. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $165.00 target price for the company in a research report on Wednesday, July 15th. Citigroup upped their price objective on shares of United Rentals from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. UBS Group raised their target price on shares of United Rentals from $136.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Robert W. Baird initiated coverage on shares of United Rentals in a research note on Monday, June 8th. They issued an “outperform” rating and a $185.00 price target for the company. Finally, TheStreet upgraded shares of United Rentals from a “c+” rating to a “b-” rating in a research report on Wednesday, June 3rd.
Shares of NYSE:URI opened at $155.37 on Tuesday. The company has a 50 day moving average of $152.25 and a 200 day moving average of $132.17. The stock has a market cap of $11.20 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.00 and a beta of 2.28. United Rentals has a 12 month low of $58.85 and a 12 month high of $170.04. The company has a current ratio of 0.84, a quick ratio of 1.05 and a debt-to-equity ratio of 2.46.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $1.75. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.84 billion. United Rentals had a net margin of 12.37% and a return on equity of 37.16%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period last year, the firm earned $4.74 EPS. On average, equities analysts forecast that United Rentals will post 13.17 earnings per share for the current fiscal year.
In other news, VP Andrew B. Limoges sold 553 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $162.80, for a total value of $90,028.40. Following the transaction, the vice president now owns 1,953 shares in the company, valued at $317,948.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Kneeland sold 41,936 shares of United Rentals stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $155.60, for a total transaction of $6,525,241.60. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in shares of United Rentals in the fourth quarter valued at about $4,253,000. NuWave Investment Management LLC bought a new stake in shares of United Rentals in the second quarter worth about $36,000. Hanson & Doremus Investment Management increased its holdings in United Rentals by 105.9% during the 1st quarter. Hanson & Doremus Investment Management now owns 278 shares of the construction company’s stock valued at $29,000 after purchasing an additional 143 shares during the period. Cornerstone Advisors Inc. increased its holdings in United Rentals by 68.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 354 shares of the construction company’s stock valued at $36,000 after purchasing an additional 144 shares during the period. Finally, Quadrant Capital Group LLC raised its position in United Rentals by 77.6% during the 4th quarter. Quadrant Capital Group LLC now owns 421 shares of the construction company’s stock valued at $65,000 after purchasing an additional 184 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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