United Rentals, Inc. (URI) Stock Rating Lowered by ValuEngine
United Rentals, Inc. (NYSE:URI) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.
URI has been the subject of a number of other reports. Vetr upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price target for the company in a report on Monday, May 1st. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Thursday, March 30th. Bank of America Corporation upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and issued a $120.00 price target (down from $131.00) on shares of United Rentals in a report on Sunday, April 23rd. Finally, Evercore ISI upgraded shares of United Rentals from an “in-line” rating to an “outperform” rating and set a $134.00 price target for the company in a report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $124.21.
Shares of United Rentals (NYSE:URI) traded up 3.24% during trading on Thursday, hitting $122.54. 3,581,607 shares of the stock traded hands. United Rentals has a 1-year low of $70.58 and a 1-year high of $134.28. The firm has a 50-day moving average of $110.17 and a 200-day moving average of $116.51. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 18.16 and a beta of 2.42. United Rentals also saw unusually large options trading activity on Wednesday. Traders acquired 12,351 put options on the stock. This represents an increase of 459% compared to the average daily volume of 2,209 put options.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 8.04% and a return on equity of 25.71%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company posted $2.06 earnings per share. United Rentals’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that United Rentals will post $9.61 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its position in United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the construction company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the construction company’s stock worth $103,000 after buying an additional 730 shares during the last quarter. Assetmark Inc. raised its position in United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the construction company’s stock worth $105,000 after buying an additional 272 shares during the last quarter. Whittier Trust Co. raised its position in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in United Rentals during the second quarter worth $123,000. 93.89% of the stock is currently owned by 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.
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