United Rentals Inc. (URI) Price Target Raised to $94.00
United Rentals Inc. (NYSE:URI) had its price objective raised by equities research analysts at Barclays PLC from $81.00 to $94.00 in a report issued on Wednesday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 17.24% from the stock’s current price.
A number of other research analysts have also issued reports on the company. Macquarie initiated coverage on United Rentals in a research report on Thursday, August 25th. They set an “underperform” rating and a $92.00 target price on the stock. Bank of America Corp. upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a research report on Thursday, August 18th. OTR Global upgraded United Rentals from a “mixed” rating to a “positive” rating in a research report on Friday, September 23rd. Argus initiated coverage on United Rentals in a research report on Tuesday, October 4th. They set a “buy” rating and a $90.00 target price on the stock. Finally, Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Tuesday, August 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $75.74.
United Rentals (NYSE:URI) traded up 0.86% on Wednesday, reaching $80.18. 1,073,938 shares of the company’s stock were exchanged. The firm has a market cap of $6.91 billion, a PE ratio of 12.09 and a beta of 2.61. United Rentals has a one year low of $41.90 and a one year high of $84.63. The firm has a 50 day moving average price of $79.34 and a 200 day moving average price of $71.26.
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United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.24. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that United Rentals will post $8.08 earnings per share for the current year.
In other United Rentals news, Director Brian Mcauley sold 4,000 shares of United Rentals stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $81.09, for a total value of $324,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William B. Plummer sold 15,811 shares of United Rentals stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the completion of the transaction, the chief financial officer now directly owns 73,209 shares of the company’s stock, valued at $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors L.L.C. increased its position in United Rentals by 2.3% in the first quarter. Nisa Investment Advisors L.L.C. now owns 22,700 shares of the company’s stock valued at $1,412,000 after buying an additional 500 shares in the last quarter. Pacad Investment Ltd. purchased a new position in United Rentals during the first quarter valued at $286,000. Teachers Advisors Inc. increased its position in United Rentals by 13.3% in the first quarter. Teachers Advisors Inc. now owns 189,602 shares of the company’s stock valued at $11,791,000 after buying an additional 22,289 shares in the last quarter. Franklin Resources Inc. increased its position in United Rentals by 77.4% in the first quarter. Franklin Resources Inc. now owns 52,652 shares of the company’s stock valued at $3,275,000 after buying an additional 22,976 shares in the last quarter. Finally, BlackRock Group LTD increased its position in United Rentals by 4.3% in the first quarter. BlackRock Group LTD now owns 1,309,454 shares of the company’s stock valued at $81,435,000 after buying an additional 54,260 shares in the last quarter. 90.93% of the stock is owned by institutional investors.
United Rentals Company Profile
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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