Stifel Nicolaus Raises United Rentals (URI) Price Target to $205.00

United Rentals (NYSE:URI) had its price target upped by investment analysts at Stifel Nicolaus from $171.00 to $205.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 12.69% from the stock’s current price.

URI has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $194.00 price target on shares of United Rentals in a research note on Thursday, January 11th. Citigroup upped their price target on shares of United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Oppenheimer reaffirmed a “hold” rating on shares of United Rentals in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $175.00 price target (up from $154.00) on shares of United Rentals in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $165.32.

United Rentals (NYSE URI) opened at $181.91 on Friday. United Rentals has a one year low of $100.62 and a one year high of $189.00. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a market cap of $15,690.35, a price-to-earnings ratio of 11.58, a PEG ratio of 0.75 and a beta of 2.67.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.25 by $0.09. United Rentals had a net margin of 20.27% and a return on equity of 45.99%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $2.67 earnings per share. United Rentals’s revenue for the quarter was up 26.2% compared to the same quarter last year. research analysts predict that United Rentals will post 13.38 EPS for the current fiscal year.

United Rentals announced that its Board of Directors has initiated a share buyback program on Wednesday, October 18th that allows the company to repurchase $373.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

In related news, Director Donald C. Roof sold 757 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $159.80, for a total value of $120,968.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Kneeland sold 25,421 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the completion of the sale, the insider now owns 245,286 shares of the company’s stock, valued at $39,922,749.36. The disclosure for this sale can be found here. Insiders sold 58,452 shares of company stock valued at $9,057,673 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of URI. State Street Corp boosted its holdings in United Rentals by 15.0% in the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after purchasing an additional 763,469 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in United Rentals by 4,154.0% during the second quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock valued at $62,273,000 after acquiring an additional 539,522 shares during the period. Gotham Asset Management LLC boosted its holdings in United Rentals by 189.9% during the second quarter. Gotham Asset Management LLC now owns 377,718 shares of the construction company’s stock valued at $42,573,000 after acquiring an additional 247,443 shares during the period. Assenagon Asset Management S.A. boosted its holdings in United Rentals by 3,873.0% during the third quarter. Assenagon Asset Management S.A. now owns 189,670 shares of the construction company’s stock valued at $26,315,000 after acquiring an additional 184,896 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in United Rentals by 42.9% during the third quarter. Victory Capital Management Inc. now owns 565,560 shares of the construction company’s stock valued at $78,466,000 after acquiring an additional 169,774 shares during the period. Hedge funds and other institutional investors own 91.12% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Stifel Nicolaus Raises United Rentals (URI) Price Target to $205.00” was posted by American Banking and Market News and is the sole property of of American Banking and Market News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/26/stifel-nicolaus-raises-united-rentals-uri-price-target-to-205-00.html.

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)