United Rentals (NYSE:URI) Price Target Raised to $1,150.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased its price target for United Rentals from $1,000 to $1,150, indicating a potential upside of 22.18% based on current stock prices.
• United Rentals has received favorable ratings from multiple firms, with an average consensus rating of "Moderate Buy" and a price target across analysts estimated at $862.50.
• The company recently reported earnings of $10.47 per share, slightly below analysts' expectations, while its revenue increased by 4.5% compared to the previous year.

United Rentals (NYSE:URI - Get Free Report) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $1,000.00 to $1,150.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 21.89% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective for the company in a report on Tuesday, September 16th. The Goldman Sachs Group upped their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Finally, Barclays upped their price objective on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $862.50.

United Rentals Price Performance

United Rentals stock traded up $1.96 during midday trading on Monday, hitting $943.48. 509,335 shares of the company's stock were exchanged, compared to its average volume of 528,984. United Rentals has a 52-week low of $525.91 and a 52-week high of $980.53. The stock has a 50-day moving average price of $903.12 and a two-hundred day moving average price of $753.32. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The company has a market cap of $60.70 billion, a P/E ratio of 24.40, a PEG ratio of 2.18 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS 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 in the previous year, the firm earned $10.70 earnings per share. United Rentals's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that United Rentals will post 44.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in URI. CreativeOne Wealth LLC grew its stake in shares of United Rentals by 0.5% in the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company's stock worth $1,720,000 after buying an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock worth $292,000 after buying an additional 11 shares during the last quarter. Bank of Jackson Hole Trust boosted its stake in shares of United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company's stock worth $84,000 after buying an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock worth $199,000 after buying an additional 13 shares during the last quarter. Finally, Cooper Financial Group boosted its stake in shares of United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company's stock worth $608,000 after buying an additional 13 shares during the last quarter. 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.