ValuEngine Downgrades United Rentals (URI) to Strong Sell

ValuEngine downgraded shares of United Rentals (NYSE:URI) from a sell rating to a strong sell rating in a research report report published on Thursday morning.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised United Rentals from a hold rating to a buy rating and set a $189.00 target price on the stock in a report on Tuesday, September 18th. UBS Group set a $196.00 target price on United Rentals and gave the company a buy rating in a report on Tuesday, August 14th. Bank of America set a $200.00 target price on United Rentals and gave the company a buy rating in a report on Thursday, September 13th. Deutsche Bank set a $158.00 target price on United Rentals and gave the company a hold rating in a report on Wednesday, September 5th. Finally, Buckingham Research set a $190.00 target price on United Rentals and gave the company a buy rating in a report on Tuesday, September 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $175.83.

Shares of URI stock traded down $0.02 during trading hours on Thursday, reaching $118.11. The company’s stock had a trading volume of 400,457 shares, compared to its average volume of 1,437,721. The company has a market cap of $11.51 billion, a PE ratio of 11.34, a P/E/G ratio of 0.49 and a beta of 2.46. United Rentals has a fifty-two week low of $117.55 and a fifty-two week high of $190.74. 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 issued its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.56 by $0.18. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. United Rentals had a return on equity of 40.17% and a net margin of 21.96%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.25 EPS. On average, equities analysts predict that United Rentals will post 16.13 EPS for the current fiscal year.

In related news, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the sale, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URI. GSA Capital Partners LLP bought a new position in United Rentals during the 1st quarter worth $505,000. Commonwealth Equity Services LLC raised its position in United Rentals by 29.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,144 shares of the construction company’s stock worth $1,579,000 after purchasing an additional 2,073 shares during the last quarter. A.R.T. Advisors LLC bought a new position in United Rentals during the 1st quarter worth $1,157,000. Verition Fund Management LLC bought a new position in United Rentals during the 1st quarter worth $624,000. Finally, Highbridge Capital Management LLC bought a new position in United Rentals during the 1st quarter worth $412,000. 86.82% of the stock is currently owned by institutional investors.

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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