United Rentals, Inc. (URI) Receives Average Recommendation of “Hold” from Analysts

United Rentals, Inc. (NYSE:URI) has earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $165.69.

A number of equities research analysts have weighed in on the stock. Bank of America set a $175.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Standpoint Research assumed 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. Citigroup decreased their price target on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a research note on Tuesday, September 18th. Finally, UBS Group set a $180.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research note on Thursday, November 15th.

Shares of United Rentals stock opened at $106.29 on Thursday. The firm has a market capitalization of $8.62 billion, a PE ratio of 10.04, a P/E/G ratio of 0.37 and a beta of 2.60. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals has a 1 year low of $105.95 and a 1 year high of $190.74.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.18. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. United Rentals’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $3.25 earnings per share. On average, sell-side analysts anticipate that United Rentals will post 16.23 earnings per share for the current year.

In related news, Director Jenne K. Britell acquired 435 shares of the business’s stock in a transaction on Monday, October 22nd. The stock was bought 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 owns 27,497 shares in the company, valued at $3,164,079.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jose B. Alvarez acquired 544 shares of the business’s stock in a transaction on Friday, October 26th. The shares were bought 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 owns 2,413 shares of the company’s stock, valued at approximately $259,276.85. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. DNB Asset Management AS lifted its holdings in shares of United Rentals by 2.3% during the third quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock valued at $2,511,000 after acquiring an additional 346 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of United Rentals by 5.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,282 shares of the construction company’s stock valued at $927,000 after acquiring an additional 349 shares during the period. Visionary Asset Management Inc. lifted its holdings in shares of United Rentals by 18.3% during the third quarter. Visionary Asset Management Inc. now owns 2,303 shares of the construction company’s stock valued at $377,000 after acquiring an additional 356 shares during the period. HL Financial Services LLC lifted its holdings in shares of United Rentals by 1.2% during the second quarter. HL Financial Services LLC now owns 30,246 shares of the construction company’s stock valued at $4,465,000 after acquiring an additional 359 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in shares of United Rentals by 12.5% during the second quarter. Engineers Gate Manager LP now owns 4,100 shares of the construction company’s stock valued at $605,000 after acquiring an additional 454 shares during the period. 87.72% of the stock is owned by institutional investors.

United Rentals Company Profile

United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.

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Analyst Recommendations for United Rentals (NYSE:URI)

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