United Rentals (NYSE:URI) had its price target raised by Citigroup from $160.00 to $180.00 in a report released on Wednesday, The Fly reports. Citigroup currently has a buy rating on the construction company’s stock.

Several other research analysts have also weighed in on the stock. UBS Group lowered shares of United Rentals from a buy rating to a neutral rating and decreased their price objective for the stock from $166.00 to $118.00 in a report on Tuesday, October 8th. Zacks Investment Research raised shares of United Rentals from a sell rating to a hold rating and set a $119.00 price objective for the company in a report on Friday, October 11th. Goldman Sachs Group raised their price objective on shares of United Rentals from $165.00 to $180.00 and gave the stock a buy rating in a report on Friday, November 8th. Buckingham Research reissued a buy rating and set a $180.00 price objective (up from $170.00) on shares of United Rentals in a report on Monday, November 11th. Finally, ValuEngine lowered shares of United Rentals from a sell rating to a strong sell rating in a report on Saturday, October 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $145.40.

URI stock traded up $4.83 during mid-day trading on Wednesday, hitting $161.80. 435,935 shares of the company were exchanged, compared to its average volume of 993,802. The company has a market capitalization of $11.71 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.67 and a beta of 2.71. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93. United Rentals has a twelve month low of $94.28 and a twelve month high of $159.39. The firm has a fifty day simple moving average of $148.94 and a 200 day simple moving average of $128.26.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.74 by $0.22. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.46 billion. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $4.74 EPS. As a group, sell-side analysts anticipate that United Rentals will post 19.28 earnings per share for the current year.

In other news, SVP Jeffrey J. Fenton sold 2,735 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $132.53, for a total value of $362,469.55. Following the transaction, the senior vice president now directly owns 33,819 shares in the company, valued at approximately $4,482,032.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Kneeland sold 22,999 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the completion of the transaction, the director now owns 181,973 shares in the company, valued at $27,492,480.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,770 shares of company stock worth $4,292,710. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of URI. Pendal Group Ltd bought a new stake in United Rentals in the 2nd quarter valued at about $465,000. Lyrical Asset Management LP increased its stake in United Rentals by 38.0% during the 2nd quarter. Lyrical Asset Management LP now owns 2,220,998 shares of the construction company’s stock valued at $294,571,000 after buying an additional 611,715 shares during the period. Malaga Cove Capital LLC acquired a new position in United Rentals during the 3rd quarter valued at about $2,196,000. Glen Harbor Capital Management LLC increased its stake in United Rentals by 49.1% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 18,160 shares of the construction company’s stock valued at $2,409,000 after buying an additional 5,984 shares during the period. Finally, Impala Asset Management LLC increased its stake in United Rentals by 359.6% during the 2nd quarter. Impala Asset Management LLC now owns 233,254 shares of the construction company’s stock valued at $30,936,000 after buying an additional 182,503 shares during the period. Institutional investors own 88.39% of the company’s stock.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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The Fly

Analyst Recommendations for United Rentals (NYSE:URI)

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