United Rentals, Inc. (NYSE:URI) Receives $974.47 Consensus Price Target from Brokerages

United Rentals, Inc. (NYSE:URI) has received a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $975.6111.

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Barclays decreased their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a research note on Tuesday, September 16th. Finally, Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st.

Institutional Trading of United Rentals

Several large investors have recently bought and sold shares of URI. Ballentine Partners LLC grew its stake in United Rentals by 19.9% in the 1st quarter. Ballentine Partners LLC now owns 1,303 shares of the construction company’s stock valued at $817,000 after acquiring an additional 216 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of United Rentals by 6.6% in the first quarter. New York State Common Retirement Fund now owns 45,950 shares of the construction company’s stock valued at $28,797,000 after purchasing an additional 2,862 shares in the last quarter. TruNorth Capital Management LLC grew its position in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of United Rentals by 24.1% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,103 shares of the construction company’s stock worth $691,000 after purchasing an additional 214 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of United Rentals by 19.9% during the 1st quarter. Sigma Planning Corp now owns 2,311 shares of the construction company’s stock worth $1,448,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 2.0%

NYSE URI opened at $843.44 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $53.67 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals has a 52-week low of $525.91 and a 52-week high of $1,021.47. The firm has a 50-day moving average price of $934.53 and a 200 day moving average price of $837.56.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts expect that United Rentals will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

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.