United Rentals (URI) Earns News Sentiment Score of 0.19
Headlines about United Rentals (NYSE:URI) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Rentals earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.9351052401136 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Toll Brothers (TOL) Gains on Less Competition, Costs Rise (finance.yahoo.com)
- United Rentals Announces Extension of Exchange Offer for URNA’s 4.875% Senior Notes due 2028 (markets.financialcontent.com)
- BRIEF-United Rentals Announces Extension Of Exchange Offer For URNA’s 4.875% Senior Notes Due 2028 (feeds.reuters.com)
- How to Play Apple, Netflix and Other Hot Stocks in December (thestreet.com)
- Aegion (AEGN) Up 27% in 3 Months: What’s Driving the Stock? (sg.finance.yahoo.com)
United Rentals (URI) traded down $0.18 on Monday, reaching $163.82. The company had a trading volume of 851,666 shares, compared to its average volume of 1,561,335. The company has a market cap of $13,870.00, a P/E ratio of 16.52, a PEG ratio of 0.84 and a beta of 2.67. United Rentals has a twelve month low of $100.62 and a twelve month high of $165.65. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88.
United Rentals declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have recently commented on URI shares. Jefferies Group reiterated a “buy” rating on shares of United Rentals in a research note on Friday, August 18th. Stifel Nicolaus upgraded United Rentals from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Friday, August 18th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Wednesday, September 20th. Citigroup lifted their target price on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America set a $165.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.57.
In other United Rentals news, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the transaction, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Matthew John Flannery sold 22,324 shares of United Rentals stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total value of $3,291,450.56. Following the completion of the transaction, the chief operating officer now directly owns 31,243 shares of the company’s stock, valued at $4,606,467.92. The disclosure for this sale can be found here. Insiders sold a total of 69,440 shares of company stock valued at $10,055,421 over the last ninety days. Insiders own 1.20% of the company’s stock.
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About United Rentals
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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