United Rentals - URI Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last year. There are currently 2 sell ratings, 4 hold ratings and 4 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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10 Wall Street analysts have issued 12-month price targets for United Rentals' shares. Their URI share price forecasts range from $269.00 to $425.00. On average, they expect the company's share price to reach $360.82 in the next year. This suggests a possible upside of 38.8% from the stock's current price.
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United Rentals' stock was trading at $332.29 at the beginning of 2022. Since then, URI stock has decreased by 21.8% and is now trading at $260.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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United Rentals, Inc. (NYSE:URI) 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. The construction company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. United Rentals had a net margin of 16.41% and a trailing twelve-month return on equity of 33.79%. The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $4.66 EPS.
Read the conference call transcript.

United Rentals declared that its Board of Directors has approved a share repurchase program on Wednesday, January 26th 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

United Rentals updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.40 billion-$11.70 billion, compared to the consensus revenue estimate of $11.26 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 number of institutional and retail investors. Top institutional investors include State Street Corp (5.10%), Nordea Investment Management AB (1.32%), AustralianSuper Pty Ltd (1.28%), Victory Capital Management Inc. (1.12%), Thrivent Financial for Lutherans (1.05%) and Northern Trust Corp (1.03%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, Donald C Roof, Jason D Papastavrou, Jeffrey J Fenton, 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 $260.01.

United Rentals (NYSE:URI) has a market capitalization of $18.20 billion and generates $9.72 billion in revenue each year. The construction company earns $1.39 billion in net income (profit) each year or $24.19 on an earnings per share basis.

The company employs 20,400 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.