KeyCorp Issues Positive Forecast for United Rentals (NYSE:URI) Stock Price

Key Points

• KeyCorp raised its target price for United Rentals' stock, increasing it from $1,075 to $1,120, suggesting a potential upside of 19.7% based on the stock's current price.
• A consensus of analysts rates United Rentals as a "Moderate Buy," with one Strong Buy, ten Buy, six Hold, and one Sell rating among the evaluations.
• United Rentals recently reported earnings of $10.47 per share, which slightly missed expectations, while revenue surpassed estimates at $3.94 billion, showing a year-over-year increase of 4.5%.

United Rentals (NYSE:URI - Get Free Report) had its target price increased by research analysts at KeyCorp from $1,075.00 to $1,120.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. KeyCorp's price objective points to a potential upside of 19.70% from the stock's current price.

Several other research firms have also recently weighed in on URI. Citigroup lifted their price objective on United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research report on Tuesday. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Finally, Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the stock an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $911.06.

United Rentals Stock Down 2.0%

Shares of NYSE:URI opened at $935.70 on Thursday. The stock's 50-day moving average is $908.97 and its 200 day moving average is $755.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market cap of $60.20 billion, a PE ratio of 24.20, a P/E/G ratio of 2.21 and a beta of 1.72. United Rentals has a 1 year low of $525.91 and a 1 year high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals will post 44.8 EPS for the current year.

Hedge Funds Weigh In On United Rentals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in United Rentals during the 2nd quarter valued at $776,102,000. GAMMA Investing LLC raised its stake in United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after buying an additional 886,266 shares during the last quarter. JPMorgan Chase & Co. raised its stake in United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company's stock valued at $1,411,968,000 after buying an additional 780,322 shares during the last quarter. Nuveen LLC purchased a new stake in United Rentals during the 1st quarter valued at $402,291,000. Finally, Boston Partners raised its stake in United Rentals by 74.5% during the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company's stock valued at $542,526,000 after buying an additional 305,378 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

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.

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