United Rentals (NYSE:URI) has been given a $190.00 price objective by stock analysts at Buckingham Research in a research report issued to clients and investors on Tuesday, September 18th. The brokerage currently has a “buy” rating on the construction company’s stock. Buckingham Research’s price objective points to a potential upside of 37.80% from the stock’s current price.
Several other analysts have also weighed in on the company. Bank of America set a $200.00 price target on United Rentals and gave the company a “buy” rating in a report on Thursday, September 13th. Deutsche Bank set a $158.00 price target on United Rentals and gave the company a “hold” rating in a report on Wednesday, September 5th. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, UBS Group set a $196.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $188.73.
NYSE:URI traded down $1.96 during midday trading on Tuesday, hitting $137.88. 2,453,596 shares of the company traded hands, compared to its average volume of 1,311,554. United Rentals has a 12-month low of $135.68 and a 12-month high of $190.74. The firm has a market capitalization of $13.54 billion, a PE ratio of 13.02, a PEG ratio of 0.57 and a beta of 2.46. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.40. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm posted $2.37 EPS. United Rentals’s quarterly revenue was up 18.4% compared to the same quarter last year. Equities analysts forecast that United Rentals will post 16.1 EPS for the current year.
In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 20th. The stock was sold at an average price of $155.37, for a total value of $4,661,100.00. Following the transaction, the chief executive officer now owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total value of $838,900.00. Following the completion of the transaction, the director now directly owns 12,564 shares in the company, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its position in shares of United Rentals by 1,190.0% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock worth $111,000 after buying an additional 595 shares in the last quarter. Optimum Investment Advisors bought a new position in shares of United Rentals during the 1st quarter worth $164,000. Cerebellum GP LLC bought a new position in shares of United Rentals during the 3rd quarter worth $187,000. Wagner Bowman Management Corp bought a new position in shares of United Rentals during the 2nd quarter worth $206,000. Finally, Opera Trading Capital bought a new position in shares of United Rentals during the 2nd quarter worth $221,000. 86.82% of the stock is currently owned by institutional investors and hedge funds.
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 Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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