United Rentals, Inc. (URI) Upgraded at Vetr Inc.

United Rentals, Inc. (NYSE:URI) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, April 14th. The firm currently has a $125.52 target price on the construction company’s stock. Vetr‘s target price would suggest a potential upside of 17.86% from the company’s current price.

A number of other analysts have also recently commented on URI. Citigroup Inc upped their price target on shares of United Rentals from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 26th. Jefferies Group LLC upped their price target on shares of United Rentals from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 30th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Tuesday, December 27th. Stifel Nicolaus upped their price target on shares of United Rentals from $112.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 27th. Finally, Argus cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $120.16.

Analyst Recommendations for United Rentals (NYSE:URI)

Shares of United Rentals (NYSE:URI) traded up 3.72% during midday trading on Friday, hitting $110.46. The stock had a trading volume of 1,085,919 shares. The stock has a 50 day moving average price of $115.57 and a 200-day moving average price of $112.37. United Rentals has a 52 week low of $61.78 and a 52 week high of $134.28. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 16.37 and a beta of 2.49.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 19th. The construction company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. United Rentals’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that United Rentals will post $9.67 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This story was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2017/05/19/united-rentals-inc-uri-upgraded-to-buy-at-vetr-inc-updated-updated-updated.html.

In other news, COO Matthew John Flannery sold 18,785 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $124.47, for a total transaction of $2,338,168.95. Following the completion of the transaction, the chief operating officer now directly owns 30,426 shares of the company’s stock, valued at approximately $3,787,124.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dale A. Asplund sold 6,654 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $124.30, for a total transaction of $827,092.20. Following the transaction, the vice president now directly owns 21,769 shares of the company’s stock, valued at $2,705,886.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,571 shares of company stock valued at $3,815,643. Company insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock valued at $729,568,000 after buying an additional 5,661,088 shares during the period. The Manufacturers Life Insurance Company acquired a new position in United Rentals during the third quarter valued at approximately $150,256,000. JPMorgan Chase & Co. increased its position in United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock valued at $317,582,000 after buying an additional 1,356,308 shares during the period. Norges Bank acquired a new position in United Rentals during the fourth quarter valued at approximately $117,257,000. Finally, AQR Capital Management LLC increased its position in United Rentals by 362.1% in the first quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock valued at $138,793,000 after buying an additional 869,711 shares during the period. 95.15% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:URI

To view Vetr’s full report, visit Vetr’s official website.

What are top analysts saying about United Rentals Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Rentals Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit