UBS AG Increases United Rentals Price Target to $71.00 (URI)
Investment analysts at UBS AG raised their target price on shares of United Rentals (NYSE:URI) to $71.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 18.75% from the company’s current price.
Shares of United Rentals (NYSE:URI) traded up 3.24% during mid-day trading on Thursday, hitting $61.73. 2,514,348 shares of the company’s stock traded hands. United Rentals has a 52 week low of $37.31 and a 52 week high of $61.43. The stock’s 50-day moving average is $57.25 and its 200-day moving average is $54.70. The company has a market cap of $5.758 billion and a price-to-earnings ratio of 30.57.
United Rentals (NYSE:URI) last announced its earnings results on Thursday, October 17th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.61 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that United Rentals will post $4.91 EPS for the current fiscal year.
A number of other firms have also recently commented on URI. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of United Rentals in a research note to investors on Wednesday, September 11th. They now have a $72.00 price target on the stock. Separately, analysts at Longbow Research initiated coverage on shares of United Rentals in a research note to investors on Friday, September 6th. They set a “buy” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of United Rentals in a research note to investors on Thursday, September 5th. They set an “equal weight” rating and a $60.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $68.00.
United Rentals, Inc is a holding company. The Company primarily conducts its operations through its wholly owned subsidiary, United Rentals (NYSE:URI), Inc, and its subsidiaries.
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