United Rentals, Inc. (URI) Receives Consensus Recommendation of “Buy” from Analysts

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.

Large investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $119,000. Americafirst Capital Management LLC acquired a new position in shares of United Rentals during the 2nd quarter worth $151,000. First Manhattan Co. grew its stake in shares of United Rentals by 42.9% during the 3rd quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after purchasing an additional 425 shares during the period. Pacer Advisors Inc. boosted its position in shares of United Rentals by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 145 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of United Rentals in the 3rd quarter worth about $202,000. 91.37% of the stock is currently owned by institutional investors and hedge funds.

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.

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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.

Analyst Recommendations for United Rentals (NYSE:URI)

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