United Rentals Inc. (URI) Coverage Initiated by Analysts at Argus
Other research analysts have also recently issued research reports about the stock. Jefferies Group set a $80.00 target price on shares of United Rentals and gave the stock a buy rating in a report on Thursday, July 21st. Morgan Stanley reaffirmed a buy rating on shares of United Rentals in a research note on Tuesday, June 28th. Citigroup Inc. reaffirmed a buy rating and issued a $85.00 price objective (up previously from $72.00) on shares of United Rentals in a research note on Monday, June 13th. Zacks Investment Research downgraded United Rentals from a buy rating to a hold rating in a research note on Thursday, September 22nd. Finally, Deutsche Bank AG initiated coverage on United Rentals in a research note on Tuesday, September 6th. They issued a hold rating and a $79.00 price objective for the company. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $75.61.
Shares of United Rentals (NYSE:URI) opened at 79.93 on Tuesday. United Rentals has a 52-week low of $41.90 and a 52-week high of $84.63. The firm has a 50-day moving average of $79.17 and a 200 day moving average of $70.59. The firm has a market cap of $6.89 billion, a PE ratio of 12.05 and a beta of 2.61.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. The firm earned $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. On average, equities analysts predict that United Rentals will post $8.05 earnings per share for the current year.
In other United Rentals news, VP Jessica Graziano sold 877 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the sale, the vice president now owns 7,127 shares in the company, valued at $544,075.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the completion of the sale, the chief financial officer now owns 73,209 shares of the company’s stock, valued at approximately $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock valued at $103,000 after buying an additional 730 shares during the last quarter. WFG Advisors LP boosted its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock valued at $116,000 after buying an additional 77 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of United Rentals during the second quarter valued at $123,000. Finally, Invictus RG boosted its stake in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock valued at $127,000 after buying an additional 1,972 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
Receive News & Stock Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related stocks with our FREE daily email newsletter.