United Rentals Rating Lowered to Neutral at Longbow Research (URI)
URI has been the subject of a number of other recent research reports. Analysts at Northcoast Research downgraded shares of United Rentals from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Jefferies Group raised their price target on shares of United Rentals from $110.00 to $125.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $95.39.
United Rentals (NYSE:URI) opened at 105.16 on Tuesday. United Rentals has a 52-week low of $44.85 and a 52-week high of $108.46. The stock’s 50-day moving average is $98.90 and its 200-day moving average is $87.43. The company has a market cap of $10.229 billion and a P/E ratio of 26.28.
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 $6.50 earnings per share for the current fiscal year.
In other United Rentals news, Director Jenne K. Britell sold 2,300 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $106.20, for a total value of $244,260.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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