United Rentals (URI) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of United Rentals (NYSE: URI) recently:

  • 2/1/2018 – United Rentals was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $213.00 price target on the stock. According to Zacks, “United Rentals’ fourth-quarter 2017 earnings were in line with the Zacks Consensus Estimate but increased from the prior-year quarter. The improvement was owing to changes in tax laws and higher rental revenues. Meanwhile, the top line surpassed the consensus mark by 2.1% and rose 26.3% year over year. While rental revenues were up 26.8% from the year-ago quarter, volume of equipment on rent increased 28.7% and rental rates inched up 1.1%. Additionally, the two most important acquisition made in 2017, Neff Corporation and NES Rentals, contributed significantly to the quarterly results. Total equipment rentals gross margin expanded 30 bps and adjusted EBITDA margin increased 10 bps year over year in the quarter. Project XL initiatives, prudent investments in fleet, accretive acquisitions and robust market demand support United Rentals’ growth story as well.”
  • 1/26/2018 – United Rentals had its price target raised by analysts at Buckingham Research from $175.00 to $180.00. They now have a “neutral” rating on the stock.
  • 1/26/2018 – United Rentals had its price target raised by analysts at UBS Group AG from $150.00 to $196.00. They now have a “neutral” rating on the stock.
  • 1/26/2018 – United Rentals had its price target raised by analysts at Bank of America Corp from $195.00 to $230.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – United Rentals had its price target raised by analysts at Royal Bank of Canada from $194.00 to $214.00. They now have an “outperform” rating on the stock.
  • 1/26/2018 – United Rentals had its price target raised by analysts at Stifel Nicolaus from $171.00 to $205.00. They now have a “buy” rating on the stock.
  • 1/16/2018 – United Rentals had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $210.00 price target on the stock.
  • 1/11/2018 – United Rentals had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $194.00 price target on the stock.
  • 1/9/2018 – United Rentals had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $175.00 price target on the stock, up previously from $154.00.
  • 1/6/2018 – United Rentals was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Rentals’ shares have gained 57.3% in the last one year, outperforming its industry it belongs to. The company’s main strategy is to improve profitability of its core equipment rental business through revenue growth, margin expansion and operational efficiencies. In particular, the company’s strategy calls for the implementation of Project XL, which is a set of eight specific work streams focused on driving profitable growth through revenue opportunities and generating incremental profitability through cost savings. United Rentals is focused on expanding its geographic borders and product portfolio through acquisitions and joint ventures. The addition of NES Rentals is expected to significantly drive the stock’s performance in the upcoming quarters as well. However, a decline in rental rates raises concern. Rental rates fell 2.2% in 2016 and 0.7% in the first nine months of 2017 on a year-over-year basis, respectively.”
  • 12/19/2017 – United Rentals was upgraded by analysts at Bank of America Corp to a “buy” rating. They now have a $195.00 price target on the stock, up previously from $165.00.
  • 12/14/2017 – United Rentals had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $171.00 price target on the stock.

United Rentals, Inc. (NYSE URI) opened at $164.26 on Monday. United Rentals, Inc. has a one year low of $100.62 and a one year high of $189.00. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81. The stock has a market cap of $13,890.00, a P/E ratio of 10.46, a PEG ratio of 0.58 and a beta of 2.60.

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

In other news, Director Jenne K. Britell sold 2,740 shares of United Rentals stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $185.50, for a total value of $508,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Singleton B. Mcallister sold 2,200 shares of United Rentals stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $163.67, for a total transaction of $360,074.00. The disclosure for this sale can be found here. Insiders sold 79,212 shares of company stock valued at $13,856,844 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

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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