United Rentals (URI) Given New $175.00 Price Target at Morgan Stanley

United Rentals (NYSE:URI) had its target price reduced by analysts at Morgan Stanley from $190.00 to $175.00 in a report issued on Wednesday. The brokerage currently has a “buy” rating on the construction company’s stock. Morgan Stanley’s price objective suggests a potential upside of 45.75% from the stock’s current price.

A number of other equities research analysts also recently weighed in on URI. Royal Bank of Canada decreased their price target on shares of United Rentals to $188.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Standpoint Research initiated coverage on shares of United Rentals in a research note on Tuesday, October 23rd. They set a “buy” rating and a $140.00 price target on the stock. Bank of America set a $175.00 price objective on United Rentals and gave the company a “buy” rating in a report on Thursday, October 18th. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. Finally, UBS Group set a $180.00 price objective on United Rentals and gave the company a “buy” rating in a report on Thursday, October 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $169.92.

URI opened at $120.07 on Wednesday. United Rentals has a fifty-two week low of $106.48 and a fifty-two week high of $190.74. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.40 and a beta of 2.46.



United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company earned $3.25 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts anticipate that United Rentals will post 16.17 EPS for the current fiscal year.

In other United Rentals news, Director Jenne K. Britell purchased 435 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average cost of $115.07 per share, with a total value of $50,055.45. Following the completion of the acquisition, the director now directly owns 27,497 shares of the company’s stock, valued at approximately $3,164,079.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jose B. Alvarez purchased 544 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average cost of $107.45 per share, with a total value of $58,452.80. Following the completion of the acquisition, the director now directly owns 2,413 shares of the company’s stock, valued at $259,276.85. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in United Rentals by 31.9% in the second quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock worth $47,046,000 after purchasing an additional 77,055 shares during the period. Nvwm LLC increased its position in United Rentals by 1,744.7% in the second quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock worth $335,000 after purchasing an additional 2,146 shares during the period. Canada Pension Plan Investment Board increased its position in United Rentals by 116.8% in the second quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock worth $6,403,000 after purchasing an additional 23,366 shares during the period. Hexavest Inc. acquired a new position in shares of United Rentals during the 2nd quarter worth about $30,004,000. Finally, Arvest Bank Trust Division acquired a new position in shares of United Rentals during the 2nd quarter worth about $9,294,000. 88.65% of the stock is owned by institutional investors and hedge funds.

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 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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Analyst Recommendations for United Rentals (NYSE:URI)

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