Shares of United Rentals, Inc. (NYSE:URI) have been given an average recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $148.29.
Several equities analysts have recently weighed in on the company. Robert W. Baird started coverage on United Rentals in a report on Monday, June 8th. They issued an “outperform” rating and a $185.00 price objective for the company. Bank of America downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a research note on Monday, April 13th. Standpoint Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Deutsche Bank initiated coverage on United Rentals in a report on Tuesday, June 30th. They issued a “hold” rating and a $161.00 price objective for the company. Finally, Oppenheimer started coverage on shares of United Rentals in a research note on Sunday, May 3rd. They issued a “hold” rating for the company.
Shares of URI opened at $155.37 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 0.84 and a debt-to-equity ratio of 2.46. United Rentals has a twelve month low of $58.85 and a twelve month high of $170.04. The stock has a market capitalization of $11.20 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.00 and a beta of 2.28. The company has a 50 day moving average of $152.25 and a 200-day moving average of $132.17.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $1.75. United Rentals had a net margin of 12.37% and a return on equity of 37.16%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company posted $4.74 earnings per share. The firm’s revenue was down 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals will post 13.17 earnings per share for the current fiscal year.
In related news, VP Andrew B. Limoges sold 553 shares of United Rentals stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $162.80, for a total transaction of $90,028.40. Following the completion of the sale, the vice president now directly owns 1,953 shares of the company’s stock, valued at approximately $317,948.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Kneeland sold 41,936 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $155.60, for a total value of $6,525,241.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new stake in shares of United Rentals in the fourth quarter valued at about $4,253,000. NuWave Investment Management LLC bought a new stake in United Rentals during the second quarter worth $36,000. Hanson & Doremus Investment Management boosted its holdings in shares of United Rentals by 105.9% in the 1st quarter. Hanson & Doremus Investment Management now owns 278 shares of the construction company’s stock valued at $29,000 after purchasing an additional 143 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of United Rentals by 68.6% in the 1st quarter. Cornerstone Advisors Inc. now owns 354 shares of the construction company’s stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of United Rentals by 77.6% during the 4th quarter. Quadrant Capital Group LLC now owns 421 shares of the construction company’s stock worth $65,000 after buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 93.57% 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.
Recommended Story: Why Invest in Dividend Kings
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.