Shares of United Rentals, Inc. (NYSE:URI) have been assigned an average rating of “Buy” from the twenty-two brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $126.85.

A number of research analysts recently commented on URI shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of United Rentals in a research report on Thursday, April 20th. Bank of America Corporation upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, Citigroup Inc. boosted their price objective on shares of United Rentals from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, July 21st.

Shares of United Rentals (NYSE:URI) opened at 111.82 on Friday. United Rentals has a one year low of $70.58 and a one year high of $134.28. The stock’s 50 day moving average price is $115.76 and its 200 day moving average price is $117.11. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 16.24 and a beta of 2.43.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. Analysts forecast that United Rentals will post $9.91 earnings per share for the current year.

In other news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of URI. Vanguard Group Inc. raised its position in United Rentals by 4.1% in the second quarter. Vanguard Group Inc. now owns 9,531,812 shares of the construction company’s stock worth $1,074,330,000 after buying an additional 378,365 shares in the last quarter. BlackRock Inc. raised its position in shares of United Rentals by 3.3% in the second quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock valued at $679,080,000 after buying an additional 190,803 shares during the period. State Street Corp raised its position in shares of United Rentals by 15.0% in the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after buying an additional 763,469 shares during the period. FMR LLC raised its position in shares of United Rentals by 5.5% in the first quarter. FMR LLC now owns 3,662,214 shares of the construction company’s stock valued at $457,960,000 after buying an additional 191,311 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock valued at $317,582,000 after buying an additional 1,356,308 shares during the period. 96.20% of the stock is currently owned by institutional investors.

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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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