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.

United Rentals Price Performance

Shares of NYSE:URI traded down $1.29 during midday trading on Monday, hitting $322.14. The company had a trading volume of 409,749 shares, compared to its average volume of 774,718. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 1.61. United Rentals has a twelve month low of $230.54 and a twelve month high of $414.99. The business has a 50-day simple moving average of $272.66 and a two-hundred day simple moving average of $302.32. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.59 and a beta of 1.92.

United Rentals (NYSE:URI - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, beating the consensus estimate of $6.57 by $1.29. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. The firm had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter last year, the business earned $4.66 earnings per share. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that United Rentals will post 31.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup reduced their target price on shares of United Rentals from $400.00 to $325.00 in a research note on Thursday, July 7th. UBS Group reduced their target price on shares of United Rentals to $400.00 and set a "na" rating for the company in a research note on Tuesday, May 17th. KeyCorp raised their target price on shares of United Rentals from $355.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, July 29th. Morgan Stanley reduced their target price on shares of United Rentals from $368.00 to $292.00 and set an "equal weight" rating for the company in a research note on Monday, July 18th. Finally, OTR Global cut 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 assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, United Rentals currently has an average rating of "Hold" and an average price target of $360.00.

Insiders Place Their Bets

In other United Rentals news, CEO Matthew John Flannery sold 19,076 shares of United Rentals stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $300.00, for a total transaction of $5,722,800.00. Following the completion of the transaction, the chief executive officer now owns 86,964 shares in the company, valued at $26,089,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other United Rentals news, CFO Jessica Graziano sold 977 shares of United Rentals stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the completion of the transaction, the chief financial officer now owns 21,587 shares in the company, valued at $7,015,775. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 19,076 shares of United Rentals stock in a transaction dated 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 transaction, the chief executive officer now owns 86,964 shares of the company's stock, valued at approximately $26,089,200. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.