United Rentals - URI Stock Forecast, Price & News

10 Wall Street 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 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 brokers have issued 1 year target prices for United Rentals' stock. Their URI share price forecasts range from $269.00 to $425.00. On average, they expect the company's stock price to reach $363.82 in the next twelve months. This suggests a possible upside of 2.1% 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 shares have increased by 7.3% and is now trading at $356.42.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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United Rentals, Inc. (NYSE:URI) released its quarterly earnings results on Wednesday, October, 26th. The construction company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.27. The construction company earned $3.05 billion during the quarter, compared to analyst estimates of $3.09 billion. United Rentals had a trailing twelve-month return on equity of 35.38% and a net margin of 17.51%.

United Rentals announced that its board has approved a stock buyback program 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 buy up to 5.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

United Rentals updated its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $11.50 billion-$11.70 billion, compared to the consensus revenue estimate of $11.58 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.75%), BlackRock Inc. (8.12%), State Street Corp (5.15%), Boston Partners (1.69%), Dimensional Fund Advisors LP (1.68%) and Nordea Investment Management AB (1.32%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, Donald C Roof, 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 $356.42.

United Rentals (NYSE:URI) has a market capitalization of $24.70 billion and generates $9.72 billion in revenue each year. The construction company earns $1.39 billion in net income (profit) each year or $27.22 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.