United Rentals Price Target Increased to $122.00 by Analysts at KeyCorp (URI)
KeyCorp lifted their price objective on shares of United Rentals (NYSE:URI) from $105.00 to $122.00 in a research note issued on Tuesday. KeyCorp’s price objective indicates a potential upside of 13.80% from the company’s current price.
URI has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of United Rentals from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $109.90 price target on the stock. Separately, analysts at Longbow Research downgraded shares of United Rentals from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $105.00 price target on the stock. Finally, analysts at Northcoast Research downgraded shares of United Rentals from a “buy” rating to a “neutral” rating in a research note on Monday, June 16th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $98.99.
United Rentals (NYSE:URI) traded up 2.37% on Tuesday, hitting $107.21. The stock had a trading volume of 1,325,933 shares. United Rentals has a 52 week low of $49.51 and a 52 week high of $108.46. The stock has a 50-day moving average of $102.4 and a 200-day moving average of $90.25. The company has a market cap of $10.428 billion and a P/E ratio of 26.12.
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 $6.51 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.
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