United Rentals, Inc. (NYSE:URI) Given Average Rating of “Moderate Buy” by Brokerages

United Rentals, Inc. (NYSE:URI) has received an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $966.4706.

A number of research analysts have commented on the company. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Bank of America upped their price objective on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a report on Tuesday, September 16th. Truist Financial upped their price objective on United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, KeyCorp upped their price objective on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th.

United Rentals Stock Down 7.9%

URI stock opened at $913.32 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $58.76 billion, a PE ratio of 23.49, a PEG ratio of 2.29 and a beta of 1.73. United Rentals has a 1-year low of $525.91 and a 1-year high of $1,021.47. The business’s 50 day simple moving average is $956.19 and its 200 day simple moving average is $807.72.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.47% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm posted $11.80 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that United Rentals will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.52%.

Institutional Trading of United Rentals

A number of institutional investors have recently modified their holdings of URI. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals during the 1st quarter valued at $26,000. TruNorth Capital Management LLC lifted its position in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after acquiring an additional 38 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals during the 2nd quarter valued at $28,000. Salomon & Ludwin LLC lifted its position in shares of United Rentals by 650.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after acquiring an additional 26 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Rentals during the 1st quarter valued at $30,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.