United Rentals (NYSE:URI) Receives New Coverage from Analysts at Deutsche Bank

Deutsche Bank started coverage on shares of United Rentals (NYSE:URI) in a report released on Tuesday morning, TipRanks reports. The firm issued a hold rating and a $161.00 target price on the construction company’s stock.

Several other research analysts have also recently commented on the stock. Bank of America cut shares of United Rentals from a buy rating to a neutral rating and set a $115.00 price target for the company. in a report on Monday, April 13th. UBS Group boosted their price target on shares of United Rentals from $136.00 to $168.00 and gave the stock a buy rating in a report on Thursday, June 4th. Cfra lowered their price target on shares of United Rentals from $180.00 to $146.00 and set a buy rating for the company in a report on Thursday, April 30th. Citigroup boosted their price objective on shares of United Rentals from $150.00 to $185.00 and gave the stock a buy rating in a research report on Thursday, June 18th. Finally, Morgan Stanley downgraded shares of United Rentals from an overweight rating to an equal weight rating and set a $110.00 price objective for the company. in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $140.20.

Shares of URI stock opened at $147.72 on Tuesday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.05 and a current ratio of 1.11. United Rentals has a fifty-two week low of $58.85 and a fifty-two week high of $170.04. The stock has a market capitalization of $10.68 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 0.98 and a beta of 2.27. The company has a 50 day moving average price of $140.33 and a 200 day moving average price of $133.91.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.31 by $0.04. United Rentals had a net margin of 12.52% and a return on equity of 41.15%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, research analysts forecast that United Rentals will post 11.92 EPS for the current fiscal year.

In related news, Director Michael Kneeland sold 41,936 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $155.60, for a total value of $6,525,241.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 553 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $162.80, for a total transaction of $90,028.40. Following the completion of the sale, the vice president now owns 1,953 shares of the company’s stock, valued at approximately $317,948.40. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in URI. Victory Capital Management Inc. raised its position in United Rentals by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 35,768 shares of the construction company’s stock worth $5,965,000 after buying an additional 533 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in United Rentals during the 4th quarter worth $201,000. Assetmark Inc. raised its position in United Rentals by 65.3% during the 4th quarter. Assetmark Inc. now owns 195 shares of the construction company’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in United Rentals by 2.9% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 5,385 shares of the construction company’s stock worth $898,000 after buying an additional 151 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in United Rentals by 8.9% during the 4th quarter. Prudential Financial Inc. now owns 87,040 shares of the construction company’s stock worth $14,515,000 after buying an additional 7,100 shares during the last quarter. Institutional investors own 94.26% of the company’s stock.

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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Analyst Recommendations for United Rentals (NYSE:URI)

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