United Rentals, Inc. (URI) Receives Average Recommendation of “Buy” from Analysts
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.
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