United Rentals, Inc. (NYSE:URI) Receives $954.83 Consensus Price Target from Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $954.8333.

A number of equities analysts have recently issued reports on URI shares. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Truist Financial lowered their target price on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Citigroup decreased their price target on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Wells Fargo & Company initiated coverage on United Rentals in a research note on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price objective for the company.

United Rentals Stock Performance

NYSE URI opened at $844.91 on Wednesday. The stock has a market capitalization of $53.76 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.75 and a beta of 1.69. The business’s 50 day moving average is $824.30 and its two-hundred day moving average is $869.50. United Rentals has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $11.80 earnings per share. Research analysts expect that United Rentals will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $1.79 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Institutional Investors Weigh In On United Rentals

Several institutional investors and hedge funds have recently made changes to their positions in URI. Hudson Bay Capital Management LP raised its position in United Rentals by 19.1% during the third quarter. Hudson Bay Capital Management LP now owns 810 shares of the construction company’s stock worth $773,000 after acquiring an additional 130 shares during the last quarter. Allworth Financial LP increased its stake in shares of United Rentals by 12.9% during the 3rd quarter. Allworth Financial LP now owns 1,165 shares of the construction company’s stock worth $1,112,000 after purchasing an additional 133 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in shares of United Rentals by 10.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 24,480 shares of the construction company’s stock worth $23,370,000 after purchasing an additional 2,223 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in United Rentals in the 3rd quarter valued at approximately $35,000. Finally, Opes Wealth Management LLC purchased a new stake in United Rentals in the 3rd quarter valued at approximately $243,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.