Analysts Set United Rentals, Inc. (NYSE:URI) Target Price at $956.13

Shares of United Rentals, Inc. (NYSE:URI) have received an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $956.1250.

Several research firms recently commented on URI. Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a research note on Monday, July 21st. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Bank of America boosted their price target on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Finally, KeyCorp boosted their price target on United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th.

Institutional Trading of United Rentals

Institutional investors and hedge funds have recently bought and sold shares of the company. Optas LLC grew its stake in shares of United Rentals by 0.9% in the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after purchasing an additional 10 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of United Rentals by 0.5% in the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after purchasing an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares during the last quarter. OFI Invest Asset Management grew its stake in shares of United Rentals by 6.7% in the third quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock worth $167,000 after purchasing an additional 11 shares during the last quarter. Finally, Bank of Jackson Hole Trust grew its stake in shares of United Rentals by 12.0% in the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $979.96 on Friday. United Rentals has a 1-year low of $525.91 and a 1-year high of $1,021.47. The business has a 50-day moving average of $950.90 and a 200-day moving average of $799.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market capitalization of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.26 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the previous year, the company earned $10.70 EPS. United Rentals’s quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is 18.52%.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.