United Rentals (NYSE:URI) Given New $620.00 Price Target at Barclays

United Rentals (NYSE:URI - Get Free Report) had its price objective lifted by equities researchers at Barclays from $565.00 to $620.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the construction company's stock. Barclays's price target would indicate a potential downside of 23.24% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group raised their target price on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Evercore ISI decreased their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. Finally, UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $772.77.

United Rentals Stock Down 0.0%

NYSE:URI traded down $0.32 during trading hours on Monday, hitting $807.73. The stock had a trading volume of 49,789 shares, compared to its average volume of 583,986. The company has a market cap of $52.50 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.69. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The business has a 50 day simple moving average of $736.90 and a two-hundred day simple moving average of $689.14. United Rentals has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the company posted $9.15 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. Analysts predict that United Rentals will post 44.8 EPS for the current year.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president directly owned 1,921 shares of the company's stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of United Rentals

Several institutional investors have recently bought and sold shares of the stock. Precision Wealth Strategies LLC boosted its stake in United Rentals by 5.7% in the 2nd quarter. Precision Wealth Strategies LLC now owns 594 shares of the construction company's stock valued at $448,000 after buying an additional 32 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in United Rentals by 4.4% in the second quarter. SOA Wealth Advisors LLC. now owns 7,817 shares of the construction company's stock worth $5,889,000 after purchasing an additional 329 shares in the last quarter. Forbes J M & Co. LLP acquired a new position in United Rentals in the second quarter worth $218,000. Cooper Financial Group boosted its stake in United Rentals by 1.6% in the second quarter. Cooper Financial Group now owns 807 shares of the construction company's stock worth $608,000 after purchasing an additional 13 shares in the last quarter. Finally, Union Bancaire Privee UBP SA boosted its stake in United Rentals by 45.7% in the second quarter. Union Bancaire Privee UBP SA now owns 21,344 shares of the construction company's stock worth $16,081,000 after purchasing an additional 6,693 shares in the last quarter. Institutional investors and hedge funds 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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