United Rentals (NYSE:URI) Earns Buy Rating from Truist Financial

United Rentals (NYSE:URI)‘s stock had its “buy” rating restated by Truist Financial in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $956.00 price target on the construction company’s stock, down from their prior price target of $963.00. Truist Financial’s price objective suggests a potential upside of 25.45% from the company’s current price.

A number of other analysts also recently issued reports on URI. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Argus upped their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays increased their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Citigroup cut their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $813.09.

United Rentals Trading Down 1.6 %

Shares of URI traded down $12.05 during midday trading on Friday, reaching $762.03. The company had a trading volume of 134,312 shares, compared to its average volume of 688,836. United Rentals has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a 50 day simple moving average of $766.58 and a 200-day simple moving average of $768.75. The stock has a market cap of $50.00 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.51% and a net margin of 16.78%. Research analysts forecast that United Rentals will post 46.06 EPS for the current fiscal year.

Hedge Funds Weigh In On United Rentals

Several large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. increased its position in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares during the period. FMR LLC increased its position in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares during the period. The Manufacturers Life Insurance Company lifted its stake in United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after buying an additional 66,957 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after acquiring an additional 57,002 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Company Profile

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.