United Rentals - URI Stock Forecast, Price & News

11 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 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" URI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in URI, but not buy additional shares or sell existing shares.
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11 equities research analysts have issued twelve-month target prices for United Rentals' shares. Their URI share price forecasts range from $269.00 to $544.00. On average, they anticipate the company's share price to reach $440.46 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
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United Rentals' stock was trading at $355.42 on January 1st, 2023. Since then, URI shares have increased by 4.3% and is now trading at $370.78.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our URI earnings forecast.

United Rentals, Inc. (NYSE:URI) announced its quarterly earnings results on Wednesday, January, 25th. The construction company reported $9.74 EPS for the quarter, missing analysts' consensus estimates of $10.12 by $0.38. The construction company earned $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. United Rentals had a net margin of 18.08% and a trailing twelve-month return on equity of 36.12%. The business's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.39 EPS.
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United Rentals announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Wednesday, February 8th will be given a dividend of $1.48 per share on Wednesday, February 22nd. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, February 7th.
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), Innovator IBD 50 ETF (FFTY), Global X U.S. Infrastructure Development ETF (PAVE), Invesco Focused Discovery Growth ETF (IVDG), Nuveen ESG Mid-Cap Growth ETF (NUMG), Alpha Dog ETF (RUFF) and Invesco DWA Industrials Momentum ETF (PRN).

United Rentals (NYSE:URI) pays an annual dividend of $1.48 per share and currently has a dividend yield of 0.40%. The dividend payout ratio is 4.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, URI will have a dividend payout ratio of 3.25% 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 initiated a share buyback plan on Wednesday, October 26th 2022, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

United Rentals issued an update on its FY 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $13.70 billion-$14.20 billion, compared to the consensus revenue estimate of $13.46 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."

United Rentals' stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (2.53%), Norges Bank (2.38%), Geode Capital Management LLC (2.02%), Moneta Group Investment Advisors LLC (1.94%), Dimensional Fund Advisors LP (1.69%) and Putnam Investments LLC (1.66%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, Donald C Roof, Jessica Graziano, Jose B Alvarez, Matthew John Flannery, Michael Kneeland and Shiv Singh.
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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 $370.78.

United Rentals (NYSE:URI) has a market capitalization of $25.73 billion and generates $11.64 billion in revenue each year. The construction company earns $2.11 billion in net income (profit) each year or $29.76 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.