Royal Bank of Canada set a $150.00 price objective on United Rentals (NYSE:URI) in a report published on Friday, TipRanks reports. The brokerage currently has a buy rating on the construction company’s stock.
URI has been the topic of several other research reports. Deutsche Bank set a $128.00 target price on shares of United Rentals and gave the stock a hold rating in a research report on Friday, July 19th. Macquarie set a $99.00 target price on shares of United Rentals and gave the stock a sell rating in a research report on Friday, July 19th. UBS Group cut shares of United Rentals from a buy rating to a neutral rating and dropped their target price for the stock from $166.00 to $118.00 in a research report on Tuesday, October 8th. Morgan Stanley dropped their target price on shares of United Rentals from $168.00 to $155.00 and set an overweight rating on the stock in a research report on Wednesday, October 9th. Finally, Goldman Sachs Group raised shares of United Rentals from a neutral rating to a buy rating and lifted their target price for the stock from $128.00 to $165.00 in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $136.40.
Shares of NYSE URI opened at $128.66 on Friday. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $142.69. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.57 and a beta of 2.66. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.71. The firm’s 50-day simple moving average is $120.58 and its 200 day simple moving average is $123.51.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the firm earned $4.74 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts predict that United Rentals will post 18.9 EPS for the current year.
In related news, Director Jose B. Alvarez purchased 238 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were bought at an average price of $125.98 per share, with a total value of $29,983.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Filippo Passerini purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $110.37 per share, for a total transaction of $220,740.00. Following the acquisition, the director now directly owns 8,783 shares in the company, valued at approximately $969,379.71. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. DNB Asset Management AS raised its holdings in shares of United Rentals by 2.8% in the 2nd quarter. DNB Asset Management AS now owns 26,840 shares of the construction company’s stock worth $3,560,000 after purchasing an additional 740 shares during the period. Pendal Group Ltd purchased a new position in United Rentals in the 2nd quarter valued at approximately $465,000. Putnam FL Investment Management Co. grew its stake in United Rentals by 30.9% in the 2nd quarter. Putnam FL Investment Management Co. now owns 3,290 shares of the construction company’s stock valued at $436,000 after buying an additional 777 shares in the last quarter. Lyrical Asset Management LP grew its stake in United Rentals by 38.0% in 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 in the last quarter. Finally, Glen Harbor Capital Management LLC grew its stake in United Rentals by 49.1% in 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 in the last quarter. 87.64% of the stock is currently owned by institutional investors.
United Rentals Company Profile
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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