United Rentals, Inc. (URI) Upgraded by Stifel Nicolaus to “Buy”
Stifel Nicolaus upgraded shares of United Rentals, Inc. (NYSE:URI) from a hold rating to a buy rating in a research note released on Friday morning, Marketbeat.com reports. Stifel Nicolaus currently has $133.00 price target on the construction company’s stock.
A number of other equities analysts have also weighed in on URI. Jefferies Group LLC reiterated a buy rating and set a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. Piper Jaffray Companies reiterated an overweight rating and set a $144.00 target price (down previously from $156.00) on shares of United Rentals in a research note on Saturday, April 22nd. UBS AG reiterated a neutral rating and set a $121.00 target price on shares of United Rentals in a research note on Sunday, April 23rd. Deutsche Bank AG reiterated a hold rating and set a $120.00 target price (down previously from $131.00) on shares of United Rentals in a research note on Sunday, April 23rd. Finally, Vetr upgraded United Rentals from a buy rating to a strong-buy rating and set a $125.52 target price on the stock in a research note on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Rentals presently has an average rating of Buy and an average price target of $124.91.
Shares of United Rentals (NYSE URI) opened at 108.40 on Friday. The stock has a market capitalization of $9.16 billion, a P/E ratio of 15.75 and a beta of 2.43. United Rentals has a 1-year low of $70.58 and a 1-year high of $134.28. The stock’s 50 day moving average price is $115.69 and its 200-day moving average price is $116.69.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. Equities research analysts anticipate that United Rentals will post $9.91 EPS for the current fiscal year.
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In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the sale, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Whittier Trust Co. increased its stake in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares in the last quarter. First Manhattan Co. increased its stake in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of United Rentals during the first quarter worth $127,000. Americafirst Capital Management LLC acquired a new stake in shares of United Rentals during the second quarter worth $151,000. Finally, Huntington National Bank increased its stake in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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