United Rentals Inc. (NYSE:URI) had its price target lifted by stock analysts at Barclays PLC from $81.00 to $94.00 in a report issued on Wednesday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s target price would suggest a potential upside of 18.24% from the stock’s previous close.

A number of other research firms have also commented on URI. RBC Capital Markets reaffirmed a “hold” rating and set a $80.00 price objective (up from $68.00) on shares of United Rentals in a research note on Friday, July 22nd. Bank of America Corp. raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price objective for the company in a research note on Thursday, August 18th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research note on Wednesday, July 27th. Macquarie began coverage on shares of United Rentals in a research note on Thursday, August 25th. They set an “underperform” rating and a $92.00 price objective for the company. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of United Rentals in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $75.74.

Analyst Recommendations for United Rentals (NYSE:URI)

Shares of United Rentals (NYSE:URI) traded up 0.81% during trading on Wednesday, reaching $80.14. 254,302 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $79.42 and its 200 day moving average price is $71.20. The firm has a market capitalization of $6.90 billion, a PE ratio of 12.08 and a beta of 2.61. United Rentals has a 52 week low of $41.90 and a 52 week high of $84.63.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.24. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The company earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $1.95 EPS. United Rentals’s revenue was down .6% on a year-over-year basis. Analysts predict that United Rentals will post $8.08 EPS for the current fiscal year.

In other news, insider Michael Kneeland sold 20,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $76.35, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jessica Graziano sold 877 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were 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 directly owns 7,127 shares of the company’s stock, valued at $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of URI. Bank of Montreal Can acquired a new stake in United Rentals during the second quarter valued at $121,012,000. Calamos Advisors LLC acquired a new stake in United Rentals during the second quarter valued at $36,853,000. Dimensional Fund Advisors LP boosted its stake in United Rentals by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,131,681 shares of the company’s stock valued at $143,022,000 after buying an additional 427,970 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in United Rentals by 5,876.5% in the second quarter. Teacher Retirement System of Texas now owns 302,111 shares of the company’s stock valued at $20,272,000 after buying an additional 297,056 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in United Rentals by 163.4% in the second quarter. American Century Companies Inc. now owns 459,529 shares of the company’s stock valued at $30,834,000 after buying an additional 285,051 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:URI

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