United Rentals (URI) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last year. There are currently 2 sell ratings, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" URI shares.
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12 Wall Street analysts have issued 12-month price targets for United Rentals' shares. Their URI share price forecasts range from $320.00 to $527.00. On average, they expect the company's share price to reach $455.25 in the next year. This suggests a possible upside of 2.4% from the stock's current price.
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United Rentals' stock was trading at $355.42 at the beginning of 2023. Since then, URI stock has increased by 25.1% and is now trading at $444.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our URI earnings forecast.

United Rentals, Inc. (NYSE:URI) announced its quarterly earnings data on Wednesday, July, 26th. The construction company reported $9.88 EPS for the quarter, beating the consensus estimate of $9.23 by $0.65. The construction company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.45 billion. United Rentals had a net margin of 17.34% and a trailing twelve-month return on equity of 36.67%. The business's quarterly revenue was up 28.3% on a year-over-year basis. During the same period last year, the company posted $7.86 EPS.
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United Rentals declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $1.48 per share on Wednesday, August 23rd. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for URI.

ETFs with the largest weight of United Rentals (NYSE:URI) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), Putnam Focused Large Cap Value ETF (PVAL), Global X U.S. Infrastructure Development ETF (PAVE), Engine No. 1 Transform Supply Chain ETF (SUPP), Invesco Focused Discovery Growth ETF (IVDG), AXS Astoria Inflation Sensitive ETF (PPI), Innovator IBD 50 ETF (FFTY) and Touchstone Climate Transition ETF (HEAT).

United Rentals (NYSE:URI) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.32%. The dividend payout ratio is 18.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, URI will have a dividend payout ratio of 13.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for URI.

United Rentals announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 26th 2022, which authorizes the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

United Rentals updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $14.00 billion-$14.30 billion, compared to the consensus revenue estimate of $14.12 billion.

144 employees have rated United Rentals Chief Executive Officer Matthew Flannery on Glassdoor.com. Matthew Flannery has an approval rating of 96% among the company's employees. This puts Matthew Flannery in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other United Rentals investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), AutoZone (AZO) and Transocean (RIG).

United Rentals trades on the New York Stock Exchange (NYSE) under the ticker symbol "URI."

Shares of URI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of URI stock can currently be purchased for approximately $444.57.

United Rentals (NYSE:URI) has a market capitalization of $30.36 billion and generates $11.64 billion in revenue each year. The construction company earns $2.11 billion in net income (profit) each year or $32.86 on an earnings per share basis.

The company employs 24,600 workers across the globe.

United Rentals' mailing address is 100 FIRST STAMFORD PLACE SUITE 700, STAMFORD CT, 06902. The official website for the company is www.unitedrentals.com. The construction company can be reached via phone at (203) 622-3131, via email at tgrace@ur.com, or via fax at 203-622-6080.