United Rentals Stock Rating Reaffirmed by Jefferies Group (URI)
United Rentals (NYSE:URI)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Thursday, American Banking & Market News reports.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.47 by $0.12. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their EPS on shares of United Rentals in a research note to investors on Wednesday. They now have a “buy” rating and a $92.00 price target on the stock. They previously had a $80.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at RBC Capital upgraded shares of United Rentals from an “outperform” rating to a “top pick” rating in a research note to investors on Tuesday, December 10th. They now have a $85.00 price target on the stock, up previously from $72.00. Finally, analysts at ISI Group downgraded shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research note to investors on Thursday, November 7th. They now have a $78.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. United Rentals has a consensus rating of “Buy” and an average target price of $74.00.
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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