United Rentals (NYSE:URI) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• United Rentals has received a "hold (C+)" rating from Weiss Ratings, with a consensus rating of "Moderate Buy" and a target price of $956.13.
• The stock traded up 0.7%, reaching $995.75, with a market capitalization of $64.07 billion and a notable P/E ratio of 25.76.
• In its latest earnings report, United Rentals posted $10.47 earnings per share, slightly missing the consensus estimate, though revenue increased by 4.5% year-over-year.

United Rentals (NYSE:URI - Get Free Report)'s stock had its "hold (c+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Robert W. Baird upgraded United Rentals from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Finally, Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Trading Up 0.7%

NYSE URI traded up $7.16 during trading hours on Wednesday, hitting $995.75. 261,836 shares of the company's stock were exchanged, compared to its average volume of 620,190. The business's 50 day moving average is $931.52 and its 200-day moving average is $778.78. United Rentals has a 12-month low of $525.91 and a 12-month high of $1,004.92. The firm has a market capitalization of $64.07 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.28 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter last year, the company posted $10.70 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

Institutional Investors Weigh In On United Rentals

A number of institutional investors have recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its position in United Rentals by 2.3% in the third quarter. Wedmont Private Capital now owns 2,274 shares of the construction company's stock worth $2,248,000 after purchasing an additional 52 shares during the period. Czech National Bank lifted its position in shares of United Rentals by 2.9% during the 3rd quarter. Czech National Bank now owns 16,342 shares of the construction company's stock valued at $15,601,000 after acquiring an additional 454 shares during the last quarter. Congress Park Capital LLC lifted its position in shares of United Rentals by 1.9% during the 3rd quarter. Congress Park Capital LLC now owns 805 shares of the construction company's stock valued at $769,000 after acquiring an additional 15 shares during the last quarter. Cooper Financial Group lifted its position in shares of United Rentals by 2.1% during the 3rd quarter. Cooper Financial Group now owns 824 shares of the construction company's stock valued at $787,000 after acquiring an additional 17 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new stake in shares of United Rentals during the 3rd quarter valued at $234,000. 96.26% of the stock is currently 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.

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