United Rentals, Inc. (URI) Receives Average Rating of “Buy” from Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have earned a consensus recommendation of “Buy” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $179.12.

URI has been the topic of several recent analyst reports. Jefferies Group raised their price target on United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 16th. Bank of America set a $165.00 price objective on United Rentals and gave the company a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price objective on the stock in a report on Thursday, February 1st. UBS Group set a $150.00 price objective on United Rentals and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Buckingham Research assumed coverage on United Rentals in a report on Tuesday, November 21st. They set a “neutral” rating and a $154.00 price objective on the stock.

Shares of United Rentals (URI) opened at $161.99 on Friday. United Rentals has a 1-year low of $100.62 and a 1-year high of $189.00. The firm has a market capitalization of $14,654.95, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.61 and a beta of 2.60. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the firm posted $2.67 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. equities research analysts forecast that United Rentals will post 15.38 earnings per share for the current year.

United Rentals declared that its board has initiated a stock repurchase program on Wednesday, October 18th that authorizes the company to buyback $373.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Jenne K. Britell sold 2,740 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $185.50, for a total transaction of $508,270.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald C. Roof sold 757 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $159.80, for a total value of $120,968.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,212 shares of company stock worth $13,856,844. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. grew its position in United Rentals by 8.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,073,773 shares of the construction company’s stock worth $148,976,000 after acquiring an additional 83,014 shares during the last quarter. Ameriprise Financial Inc. grew its position in United Rentals by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 957,326 shares of the construction company’s stock worth $132,805,000 after acquiring an additional 28,330 shares during the last quarter. Neuberger Berman Group LLC grew its position in United Rentals by 16.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 886,171 shares of the construction company’s stock worth $122,947,000 after acquiring an additional 126,077 shares during the last quarter. American Century Companies Inc. grew its position in United Rentals by 6.4% during the 3rd quarter. American Century Companies Inc. now owns 670,479 shares of the construction company’s stock worth $93,022,000 after acquiring an additional 40,421 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in United Rentals by 19.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 565,676 shares of the construction company’s stock worth $78,482,000 after acquiring an additional 92,983 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

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United Rentals Company Profile

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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