United Rentals (NYSE:URI) Given a $1,128.00 Price Target at Sanford C. Bernstein

Key Points

• United Rentals has been assigned a new price target of $1,128.00 by Sanford C. Bernstein, suggesting a potential upside of 19.56% from the previous close.
• The company reported earnings of $10.47 per share, slightly missing the consensus estimate, but its revenue for the quarter increased by 4.5% year-over-year.
• Currently, 96.26% of United Rentals' stock is owned by institutional investors, indicating strong institutional support for the company.

United Rentals (NYSE:URI - Get Free Report) has been assigned a $1,128.00 price objective by investment analysts at Sanford C. Bernstein in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has an "outperform" rating on the construction company's stock. Sanford C. Bernstein's price objective indicates a potential upside of 19.56% from the company's previous close.

URI has been the topic of a number of other research reports. Truist Financial increased their target price on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. UBS Group raised their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $891.38.

United Rentals Price Performance

Shares of URI opened at $943.48 on Tuesday. The firm has a market capitalization of $60.70 billion, a PE ratio of 24.40, a PEG ratio of 2.18 and a beta of 1.72. The company's 50-day moving average is $903.12 and its 200-day moving average is $753.32. United Rentals has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

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 the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion during 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%. United Rentals's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities analysts forecast that United Rentals will post 44.8 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals in the 2nd quarter valued at $28,000. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% in 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 in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals in the 1st quarter valued at $26,000. Maseco LLP bought a new stake in shares of United Rentals in the 2nd quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Rentals in the 1st quarter valued at $30,000. Institutional investors own 96.26% of the company's stock.

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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