United Rentals (NYSE:URI) Receives “Buy” Rating from Citigroup

United Rentals (NYSE:URI)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. They currently have a $160.00 target price on the construction company’s stock. Citigroup‘s target price points to a potential upside of 27.36% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on URI. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Royal Bank of Canada set a $164.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Friday, June 21st. UBS Group set a $170.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, Macquarie set a $99.00 price objective on shares of United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. United Rentals presently has a consensus rating of “Hold” and a consensus price target of $151.73.

NYSE:URI traded up $1.58 during mid-day trading on Wednesday, hitting $125.63. 46,851 shares of the stock were exchanged, compared to its average volume of 1,231,366. The firm’s 50-day simple moving average is $115.03 and its 200 day simple moving average is $123.77. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.35 and a beta of 2.66. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $173.00. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.67 and a current ratio of 0.73.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.26. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.85 EPS. On average, analysts predict that United Rentals will post 19.3 EPS for the current fiscal year.

In other news, Director Filippo Passerini acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $110.37 per share, with a total value of $220,740.00. Following the completion of the transaction, the director now directly owns 8,783 shares of the company’s stock, valued at approximately $969,379.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald C. Roof acquired 5,000 shares of United Rentals stock in a transaction on Monday, July 22nd. The shares were purchased at an average price of $118.27 per share, for a total transaction of $591,350.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,238 shares of company stock worth $842,073. 1.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Icon Wealth Partners LLC bought a new stake in shares of United Rentals during the 1st quarter valued at approximately $26,000. First Interstate Bank acquired a new position in United Rentals during the 2nd quarter worth approximately $26,000. Prestige Wealth Management Group LLC bought a new position in United Rentals in the 2nd quarter valued at approximately $27,000. Kistler Tiffany Companies LLC lifted its stake in United Rentals by 576.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after purchasing an additional 225 shares during the last quarter. Finally, Thor Advisors LLC bought a new position in United Rentals in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Analyst Recommendations for United Rentals (NYSE:URI)

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