United Rentals Sets New 12-Month High After Analyst Upgrade (URI)
United Rentals (NYSE:URI) shares reached a new 52-week high during mid-day trading on Thursday after Jefferies Group raised their price target on the stock from $110.00 to $125.00, StockRatingsNetwork.com reports. Jefferies Group currently has a buy rating on the stock. United Rentals traded as high as $106.30 and last traded at $105.91, with a volume of 1,181,884 shares. The stock had previously closed at $102.21.
A number of other analysts have also recently weighed in on URI. Analysts at RBC Capital raised their price target on shares of United Rentals from $98.00 to $110.00 in a research note on Monday, April 21st. They now have a “top pick” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of United Rentals from $101.00 to $103.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $96.90 price target on the stock. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. United Rentals presently has a consensus rating of “Buy” and an average price target of $95.39.
The stock has a 50-day moving average of $96. and a 200-day moving average of $85.19. The company has a market cap of $10.319 billion and a P/E ratio of 25.49.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 16th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.19. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.19 earnings per share. United Rentals’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that United Rentals will post $6.46 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.