United Rentals Reaches New 1-Year High at $109.18 (URI)
United Rentals (NYSE:URI) shares reached a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork.com reports. The stock traded as high as $109.18 and last traded at $108.82, with a volume of 429,595 shares changing hands. The stock had previously closed at $107.50.
A number of research firms have recently commented on URI. Analysts at KeyCorp raised their price target on shares of United Rentals from $105.00 to $122.00 in a research note on Tuesday. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $98.99.
The stock has a 50-day moving average of $102.5 and a 200-day moving average of $90.38. The company has a market cap of $10.599 billion and a P/E ratio of 26.81.
United Rentals (NYSE:URI) last posted its quarterly 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. Analysts expect that United Rentals will post $6.51 EPS 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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