United Rentals Inc. (NYSE:URI) Receives $75.30 Consensus Target Price from Analysts
United Rentals Inc. (NYSE:URI) has received an average recommendation of “Hold” from the twenty-two research firms that are currently covering the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $76.28.
Several research firms have issued reports on URI. Jefferies Group set a $80.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research report on Thursday, July 21st. RBC Capital Markets restated a “hold” rating and issued a $80.00 price target (up from $68.00) on shares of United Rentals in a research report on Friday, July 22nd. Royal Bank Of Canada raised their price target on shares of United Rentals from $68.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, July 22nd. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Wednesday, July 27th. Finally, Bank of America Corp. upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a research report on Thursday, August 18th.
Shares of United Rentals (NYSE:URI) opened at 80.58 on Monday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 12.15 and a beta of 2.61. 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 $79.25 and a 200 day moving average of $70.67.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.24. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.95 EPS. Equities analysts predict that United Rentals will post $8.05 earnings per share for the current fiscal year.
In related news, insider Michael Kneeland sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the completion of the sale, the insider now directly owns 387,169 shares of the company’s stock, valued at $29,560,353.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $78.74, for a total transaction of $1,244,958.14. Following the sale, the chief financial officer now directly owns 73,209 shares of the company’s stock, valued at $5,764,476.66. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. New England Research & Management Inc. increased its stake in United Rentals by 78.9% in the third quarter. New England Research & Management Inc. now owns 21,600 shares of the company’s stock worth $1,695,000 after buying an additional 9,525 shares during the period. Burns J W & Co. Inc. NY increased its stake in United Rentals by 11.0% in the third quarter. Burns J W & Co. Inc. NY now owns 10,100 shares of the company’s stock worth $793,000 after buying an additional 1,000 shares during the period. First American Trust FSB acquired a new stake in United Rentals during the third quarter worth $1,884,000. BNP Paribas Arbitrage SA increased its stake in United Rentals by 14.2% in the third quarter. BNP Paribas Arbitrage SA now owns 28,518 shares of the company’s stock worth $2,238,000 after buying an additional 3,536 shares during the period. Finally, Macquarie Group Ltd. increased its stake in United Rentals by 7.6% in the second quarter. Macquarie Group Ltd. now owns 323,984 shares of the company’s stock worth $21,740,000 after buying an additional 22,834 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.
United Rentals Company Profile
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.
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