United Rentals Receives Average Rating of “Buy” from Brokerages (NYSE:URI)
Shares of United Rentals (NYSE:URI) have been given a consensus rating of “Buy” by the fourteen ratings firms that are currently covering the company, AnalystRatings.Net reports. Four research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $108.58.
In other United Rentals news, Director James Ozanne sold 5,000 shares of United Rentals stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $110.67, for a total value of $553,350.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on URI. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of United Rentals in a research note on Monday, July 21st. They now have a $128.00 price target on the stock, up previously from $110.00. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of United Rentals in a research note on Friday, July 18th. They now have a $115.00 price target on the stock, up previously from $100.00. Finally, analysts at RBC Capital raised their price target on shares of United Rentals from $110.00 to $128.00 in a research note on Friday, July 18th. They now have a “top pick” rating on the stock.
United Rentals (NYSE:URI) opened at 107.25 on Tuesday. United Rentals has a one year low of $52.39 and a one year high of $114.95. The stock’s 50-day moving average is $107.8 and its 200-day moving average is $95.91. The company has a market cap of $10.286 billion and a price-to-earnings ratio of 25.52.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.47 by $0.57. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that United Rentals will post $6.63 EPS for the current fiscal year.
United Rentals, Inc (NYSE:URI) is a holding company.
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