United Rentals (URI) – Analysts’ Recent Ratings Changes
A number of firms have modified their ratings and price targets on shares of United Rentals (NYSE: URI) recently:
- 10/12/2016 – United Rentals had its price target raised by analysts at Barclays PLC from $81.00 to $94.00. They now have an “overweight” rating on the stock.
- 10/4/2016 – United Rentals is now covered by analysts at Argus. They set a “buy” rating and a $90.00 price target on the stock.
- 9/23/2016 – United Rentals was upgraded by analysts at OTR Global from a “mixed” rating to a “positive” rating.
- 9/22/2016 – United Rentals was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Rentals, Inc. is one of North America’s largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others. “
- 9/6/2016 – United Rentals is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $79.00 price target on the stock.
- 8/30/2016 – United Rentals had its “sell” rating reaffirmed by analysts at Axiom Securities.
- 8/25/2016 – United Rentals is now covered by analysts at Macquarie. They set an “underperform” rating and a $92.00 price target on the stock.
- 8/18/2016 – United Rentals was upgraded by analysts at Bank of America Corp. from an “underperform” rating to a “neutral” rating. They now have a $85.00 price target on the stock.
Shares of United Rentals Inc. (NYSE:URI) traded up 0.52% during mid-day trading on Wednesday, hitting $79.91. 549,431 shares of the stock were exchanged. United Rentals Inc. has a 12 month low of $41.90 and a 12 month high of $84.63. The stock’s 50 day moving average is $79.42 and its 200-day moving average is $71.20. The stock has a market cap of $6.89 billion, a PE ratio of 12.05 and a beta of 2.61.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.24. The firm earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. On average, analysts anticipate that United Rentals Inc. will post $8.08 EPS for the current year.
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In related news, VP Jessica Graziano sold 877 shares of United Rentals stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the sale, the vice president now directly owns 7,127 shares in the company, valued at $544,075.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Kneeland sold 20,000 shares of United Rentals stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $76.35, for a total value of $1,527,000.00. Following the completion of the sale, the insider now owns 387,169 shares of the company’s stock, valued at $29,560,353.15. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
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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