Shares of United Rentals, Inc. (NYSE:URI) have been given an average recommendation of “Buy” by the twenty research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $154.18.
Several equities research analysts recently issued reports on URI shares. Jefferies Group restated a “buy” rating and set a $150.00 price objective on shares of United Rentals in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Wednesday, September 20th. Stifel Nicolaus raised their price objective on shares of United Rentals from $133.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Citigroup raised their price objective on shares of United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Bank of America set a $165.00 price target on shares of United Rentals and gave the company a “buy” rating in a research report on Thursday, October 19th.
In other United Rentals news, insider Michael Kneeland sold 25,421 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $162.76, for a total value of $4,137,521.96. Following the transaction, the insider now directly owns 245,286 shares of the company’s stock, valued at approximately $39,922,749.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Filippo Passerini sold 3,308 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total transaction of $473,837.92. The disclosure for this sale can be found here. Insiders sold a total of 91,760 shares of company stock worth $13,873,111 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.
Shares of United Rentals (NYSE:URI) opened at $168.30 on Thursday. The company has a market cap of $14,071.52, a PE ratio of 16.75, a PEG ratio of 0.85 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88. United Rentals has a 12-month low of $100.62 and a 12-month high of $170.33.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. sell-side analysts anticipate that United Rentals will post 10.56 EPS for the current fiscal year.
United Rentals declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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.
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