United Rentals Hits New 52-Week High at $116.63 (URI)
Shares of United Rentals (NYSE:URI) reached a new 52-week high during mid-day trading on Tuesday , American Banking & Market News reports. The company traded as high as $116.63 and last traded at $115.28, with a volume of 570,029 shares. The stock had previously closed at $114.29.
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. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. United Rentals presently has a consensus rating of “Buy” and an average target price of $108.58.
The stock’s 50-day moving average is $109.0 and its 200-day moving average is $97.33. The company has a market cap of $11.069 billion and a price-to-earnings ratio of 27.71.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.12 earnings per share. United Rentals’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that United Rentals will post $6.63 earnings per share for the current fiscal year.
In other United Rentals news, Director Jason D. Papastavrou sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $111.12, for a total transaction of $333,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
United Rentals, Inc (NYSE:URI) is a holding company.
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