United Rentals (NYSE:URI) Rating Increased to Strong-Buy at Baird R W

Key Points

• United Rentals' stock rating has been upgraded to Strong-Buy by investment analysts at Baird R W, indicating increased confidence in the company's performance.
• JPMorgan Chase & Co. raised their price target for United Rentals from $1,000.00 to $1,150.00, further reflecting positive sentiment among analysts regarding the stock.
• Currently, the stock has an average consensus rating of Moderate Buy with a target price set at $941.00, showing robust market interest.

United Rentals (NYSE:URI - Get Free Report) was upgraded by investment analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. KeyCorp increased their target price on United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. Finally, UBS Group increased their target price on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $941.00.

United Rentals Trading Down 0.0%

Shares of NYSE:URI traded down $0.08 on Wednesday, reaching $962.84. 18,114 shares of the company traded hands, compared to its average volume of 624,592. The stock has a market capitalization of $61.95 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 2.21 and a beta of 1.73. The business's 50-day simple moving average is $923.75 and its 200 day simple moving average is $767.78. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals has a 52 week low of $525.91 and a 52 week high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS 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% on a year-over-year basis. During the same period last year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

Institutional Trading of United Rentals

Large investors have recently made changes to their positions in the business. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals in the 2nd quarter worth about $28,000. TruNorth Capital Management LLC raised its holdings 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 purchasing an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the first quarter worth $26,000. Maseco LLP purchased a new position in shares of United Rentals during the second quarter worth $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Rentals during the first quarter worth $30,000. 96.26% of the stock is currently 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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