United Rentals, Inc. (NYSE:URI) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, August 4th.
A number of other analysts have also commented on URI. UBS AG restated a “neutral” rating and set a $121.00 price target on shares of United Rentals in a research note on Sunday, April 23rd. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada upgraded shares of United Rentals from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $128.00 to $138.00 in a research note on Monday, July 17th. Finally, Vetr raised shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective on the stock in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $124.68.
United Rentals (NYSE URI) opened at 111.86 on Friday. The firm has a market cap of $9.46 billion, a PE ratio of 16.25 and a beta of 2.43. The company’s 50-day moving average is $115.82 and its 200 day moving average is $116.99. United Rentals has a one year low of $70.58 and a one year high of $134.28.
ILLEGAL ACTIVITY WARNING: “BidaskClub Lowers United Rentals, Inc. (NYSE:URI) to Buy” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/19/united-rentals-inc-nyseuri-downgraded-by-bidaskclub-updated.html.
In related news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in URI. Toronto Dominion Bank boosted its stake in shares of United Rentals by 25.8% in the second quarter. Toronto Dominion Bank now owns 28,628 shares of the construction company’s stock worth $3,226,000 after buying an additional 5,879 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of United Rentals during the second quarter worth about $382,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United Rentals during the second quarter worth about $364,000. Colony Group LLC purchased a new stake in shares of United Rentals during the second quarter worth about $220,000. Finally, Kalos Management Inc. boosted its stake in shares of United Rentals by 2.4% in the second quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock worth $519,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.
United Rentals Company Profile
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.
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.