United Rentals, Inc. (NYSE:URI)‘s stock had its “buy” rating reaffirmed by research analysts at Bank of America Corporation in a research note issued to investors on Thursday. They presently have a $145.00 price target on the construction company’s stock. Bank of America Corporation’s price objective would suggest a potential upside of 22.16% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. BidaskClub upgraded United Rentals from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Royal Bank Of Canada upgraded United Rentals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $128.00 to $138.00 in a report on Monday. Axiom Securities restated a “sell” rating on shares of United Rentals in a report on Thursday, July 13th. Zacks Investment Research cut United Rentals from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $150.00 target price on shares of United Rentals in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $124.21.

United Rentals (URI) traded up 2.405% during mid-day trading on Thursday, reaching $121.555. The company’s stock had a trading volume of 1,441,762 shares. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 18.019 and a beta of 2.42. The stock’s 50 day moving average is $109.77 and its 200 day moving average is $116.47. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. United Rentals also was the recipient of unusually large options trading on Wednesday. Stock investors purchased 12,351 put options on the company. This represents an increase of approximately 459% compared to the average volume of 2,209 put options.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 47.90% and a net margin of 10.04%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $2.06 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that United Rentals will post $9.61 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Boys Arnold & Co. Inc. raised its position in United Rentals by 77.3% in the first quarter. Boys Arnold & Co. Inc. now owns 4,478 shares of the construction company’s stock valued at $560,000 after buying an additional 1,953 shares during the period. Schwab Charles Investment Management Inc. raised its position in United Rentals by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock valued at $48,832,000 after buying an additional 16,701 shares during the period. PNC Financial Services Group Inc. raised its position in United Rentals by 489.7% in the first quarter. PNC Financial Services Group Inc. now owns 149,135 shares of the construction company’s stock valued at $18,650,000 after buying an additional 123,843 shares during the period. Sanctuary Wealth Advisors LLC raised its position in United Rentals by 99.3% in the first quarter. Sanctuary Wealth Advisors LLC now owns 63,821 shares of the construction company’s stock valued at $7,357,000 after buying an additional 31,805 shares during the period. Finally, Segantii Capital Management Ltd bought a new position in United Rentals during the first quarter valued at $1,075,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Analyst Recommendations for United Rentals (NYSE:URI)

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