Analyst Revises United Rentals, Inc. (NYSE:URI) Stock Target


United Rentals, Inc. (NYSE:URI) mean price target has been set at $74.6900 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $2.2200 in the near-term quarter and $8.0500 for the ongoing fiscal. The market cap of United Rentals, Inc. Common Sto was recorded at $7.05B after the stock closed at $81.9600 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. United Rentals, Inc. (NYSE:URI) has a P/E ratio of 12.3302. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

United Rentals, Inc. (NYSE:URI) PEG ratio sits at 0.4900. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of United Rentals, Inc. Common Sto visibly illustrates that the 50-day MA of United Rentals, Inc. Common Sto is $78.4075, and stock is trading $3.3661 points away or +4.2931% from its 50-day moving average of $78.4075. Further it is trading $14.9313 or +22.3381% away its 200-day moving average of $66.8423. United Rentals, Inc. (NYSE:URI) 52-week high is $83.7600 and the 52-week low is $41.9000. This represents that if the stock moves $-1.9864 points up on the chart to it will make a 52-week high. But, if it declines +95.1637%, then the shares price can hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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