Shares of United Rentals, Inc. (NYSE:URI) have received an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $150.40.
URI has been the topic of a number of analyst reports. Macquarie set a $99.00 price objective on United Rentals and gave the company a “sell” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $164.00 target price on United Rentals and gave the stock a “buy” rating in a research report on Friday, July 19th. Deutsche Bank set a $128.00 target price on United Rentals and gave the stock a “hold” rating in a research report on Friday, July 19th. UBS Group set a $170.00 target price on United Rentals and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, ValuEngine upgraded United Rentals from a “sell” rating to a “hold” rating in a research report on Wednesday.
In other United Rentals news, Director Filippo Passerini bought 2,000 shares of United Rentals stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of $110.37 per share, for a total transaction of $220,740.00. Following the completion of the transaction, the director now directly owns 8,783 shares in the company, valued at $969,379.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jose B. Alvarez bought 238 shares of United Rentals stock in a transaction that occurred on Wednesday, July 24th. The shares were acquired at an average price of $125.98 per share, with a total value of $29,983.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 7,238 shares of company stock valued at $842,073. 1.00% of the stock is owned by company insiders.
Shares of NYSE:URI traded up $0.82 during midday trading on Wednesday, reaching $117.21. 1,222,620 shares of the company traded hands, compared to its average volume of 1,448,540. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08. United Rentals has a 12 month low of $94.28 and a 12 month high of $163.92. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 0.35 and a beta of 2.66. The firm’s fifty day moving average price is $117.47 and its two-hundred day moving average price is $123.25.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.48 by $0.26. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the company posted $3.85 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. Analysts forecast that United Rentals will post 19.3 earnings per share for the current year.
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 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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