United Rentals, Inc. (NYSE:URI) has received a consensus rating of "Hold" from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $152.93.
Several research analysts have recently weighed in on URI shares. Zacks Investment Research raised shares of United Rentals from a "hold" rating to a "strong-buy" rating and set a $165.00 price target on the stock in a research report on Wednesday, July 15th. Morgan Stanley boosted their price objective on shares of United Rentals from $110.00 to $136.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Goldman Sachs Group lowered shares of United Rentals from a "conviction-buy" rating to a "buy" rating and set a $165.00 price target on the stock. in a research note on Thursday, June 4th. Stifel Nicolaus boosted their price target on shares of United Rentals from $171.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, TheStreet upgraded shares of United Rentals from a "c+" rating to a "b-" rating in a research note on Wednesday, June 3rd.
Shares of URI opened at $176.56 on Wednesday. United Rentals has a 52-week low of $58.85 and a 52-week high of $186.78. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 2.46. The firm's fifty day moving average is $173.43 and its two-hundred day moving average is $137.39. The stock has a market cap of $12.73 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.95 and a beta of 2.38.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $1.75. United Rentals had a net margin of 12.37% and a return on equity of 37.16%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the company posted $4.74 EPS. The firm's quarterly revenue was down 15.3% on a year-over-year basis. As a group, research analysts anticipate that United Rentals will post 15.26 earnings per share for the current year.
In related news, Director Donald C. Roof sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $176.07, for a total value of $2,641,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company's stock.
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of United Rentals by 49.2% in the 1st quarter. Victory Capital Management Inc. now owns 53,374 shares of the construction company's stock valued at $5,492,000 after purchasing an additional 17,606 shares during the period. Rhumbline Advisers raised its stake in shares of United Rentals by 10.2% in the 1st quarter. Rhumbline Advisers now owns 155,514 shares of the construction company's stock valued at $16,002,000 after purchasing an additional 14,437 shares during the period. AE Wealth Management LLC raised its stake in shares of United Rentals by 245.4% in the 1st quarter. AE Wealth Management LLC now owns 14,253 shares of the construction company's stock valued at $1,467,000 after purchasing an additional 10,127 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of United Rentals by 95.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,318 shares of the construction company's stock valued at $1,576,000 after purchasing an additional 7,474 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of United Rentals in the 1st quarter valued at about $2,369,000. 97.92% of the stock is owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
Further Reading: Outperform Rating
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