Shares of United Rentals, Inc. (NYSE:URI) have been assigned a consensus recommendation of “Buy” from the eighteen analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $179.12.
A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price target on United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Buckingham Research lifted their price target on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Bank of America lifted their price target on United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus lifted their price target on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada lifted their price target on United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, January 26th.
In related news, Director Jenne K. Britell sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $153.81, for a total transaction of $499,882.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donald C. Roof sold 757 shares of United Rentals stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $159.80, for a total transaction of $120,968.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,212 shares of company stock worth $13,856,844. 1.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. First Dallas Securities Inc. purchased a new position in United Rentals during the 4th quarter worth approximately $129,000. Cypress Capital Management LLC WY grew its position in United Rentals by 73.0% during the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after purchasing an additional 325 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in United Rentals during the 3rd quarter worth approximately $119,000. Bronfman E.L. Rothschild L.P. grew its position in United Rentals by 63.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after purchasing an additional 374 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in United Rentals by 200.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock worth $206,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.
Shares of United Rentals (NYSE URI) traded up $0.71 during midday trading on Friday, reaching $167.04. 1,266,080 shares of the company’s stock were exchanged, compared to its average volume of 1,490,930. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81. United Rentals has a 1 year low of $100.62 and a 1 year high of $189.00. The company has a market capitalization of $14,010.00, a PE ratio of 10.64, a P/E/G ratio of 0.58 and a beta of 2.60.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.25 by $0.09. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 earnings per share. research analysts anticipate that United Rentals will post 15.38 earnings per share for the current year.
United Rentals announced that its Board of Directors has approved a stock buyback program on Wednesday, October 18th that permits the company to buyback $373.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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