United Rentals - URI Stock Forecast, Price & News

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. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, directly to manufacturers, and at auctions. The company operates a network of 1,360 rental locations in the United States, Canada, Europe, Australia, and New Zealand. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on URI. KeyCorp upped their price objective on United Rentals from $355.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, July 29th. Robert W. Baird raised their price target on shares of United Rentals from $247.00 to $312.00 in a research note on Thursday, July 28th. Citigroup lifted their price objective on shares of United Rentals to $375.00 in a report on Tuesday, August 9th. StockNews.com upgraded shares of United Rentals from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Finally, OTR Global lowered shares of United Rentals to a "positive" rating in a research note on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, United Rentals currently has an average rating of "Hold" and an average price target of $365.00.

United Rentals Stock Performance

Shares of United Rentals stock traded up $1.79 during trading on Tuesday, hitting $339.31. 465,278 shares of the stock were exchanged, compared to its average volume of 763,019. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The company has a fifty day moving average price of $276.28 and a 200-day moving average price of $303.20. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.62 and a beta of 1.92. United Rentals has a 1-year low of $230.54 and a 1-year high of $414.99.

United Rentals (NYSE:URI - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $1.29. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter last year, the company posted $4.66 earnings per share. United Rentals's quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that United Rentals will post 31.03 EPS for the current fiscal year.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 308 shares of the firm's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $333.24, for a total transaction of $102,637.92. Following the completion of the sale, the vice president now owns 2,070 shares of the company's stock, valued at approximately $689,806.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Matthew John Flannery sold 19,076 shares of United Rentals stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $5,722,800.00. Following the completion of the sale, the chief executive officer now directly owns 86,964 shares of the company's stock, valued at approximately $26,089,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 308 shares of the business's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $333.24, for a total value of $102,637.92. Following the completion of the sale, the vice president now owns 2,070 shares of the company's stock, valued at $689,806.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,361 shares of company stock valued at $6,142,963. 0.53% of the stock is owned by insiders.