United Rentals Reaches New 1-Year High at $119.50 (URI)
United Rentals (NYSE:URI)’s share price hit a new 52-week high on Tuesday , ARN reports. The company traded as high as $119.50 and last traded at $117.87, with a volume of 628,572 shares trading hands. The stock had previously closed at $117.65.
A number of analysts have recently weighed in on URI shares. 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $108.58.
The stock has a 50-day moving average of $111.5 and a 200-day moving average of $99.67. The company has a market cap of $11.396 billion and a price-to-earnings ratio of 28.53.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. 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 Brian Mcauley unloaded 2,000 shares of United Rentals stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $118.49, for a total transaction of $236,980.00. The sale was disclosed in a legal filing 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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