United Rentals (NYSE:URI) Stock Price Expected to Rise, Bank of America Analyst Says

United Rentals (NYSE:URI - Get Free Report) had its price target hoisted by equities research analysts at Bank of America from $895.00 to $900.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Bank of America's price target points to a potential upside of 1.30% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group lifted their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Truist Financial lifted their target price on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. Barclays lifted their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their target price on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and a consensus price target of $812.64.

United Rentals Trading Up 1.5%

Shares of NYSE URI traded up $13.16 during trading on Thursday, reaching $888.41. The stock had a trading volume of 872,750 shares, compared to its average volume of 634,406. United Rentals has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.79 and a current ratio of 0.86. The business's 50-day moving average price is $747.81 and its 200-day moving average price is $694.09. The company has a market cap of $57.16 billion, a P/E ratio of 22.97, a PEG ratio of 2.17 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the firm posted $10.70 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that United Rentals will post 44.8 EPS for the current fiscal year.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president directly owned 8,748 shares of the company's stock, valued at $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president directly owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of United Rentals

A number of large investors have recently made changes to their positions in URI. Murphy & Mullick Capital Management Corp purchased a new stake in United Rentals during the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its stake in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the last quarter. TruNorth Capital Management LLC raised its stake in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the 1st quarter valued at approximately $26,000. Finally, Maseco LLP purchased a new stake in United Rentals during the 2nd quarter valued at approximately $32,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.