United Rentals Inc. (NYSE:URI) had its target price hoisted by analysts at Barclays PLC from $81.00 to $94.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 20.19% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on URI. RBC Capital Markets reiterated a “hold” rating and set a $80.00 price target (up from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Jefferies Group set a $80.00 price target on United Rentals and gave the stock a “buy” rating in a report on Thursday, July 21st. Morgan Stanley reiterated a “buy” rating on shares of United Rentals in a report on Tuesday, June 28th. Royal Bank Of Canada increased their price target on United Rentals from $68.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 22nd. Finally, Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.74.
Shares of United Rentals (NYSE:URI) opened at 78.21 on Wednesday. United Rentals has a 52 week low of $41.90 and a 52 week high of $84.63. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 11.79 and a beta of 2.61. The stock’s 50 day moving average price is $79.29 and its 200-day moving average price is $71.31.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. The business earned $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 EPS. Equities analysts anticipate that United Rentals will post $8.08 earnings per share for the current fiscal year.
In other United Rentals news, CFO William B. Plummer sold 15,811 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $78.74, for a total value of $1,244,958.14. Following the sale, the chief financial officer now owns 73,209 shares of the company’s stock, valued at approximately $5,764,476.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Mcauley sold 4,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $81.09, for a total value of $324,360.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of URI. Nisa Investment Advisors L.L.C. raised its stake in United Rentals by 2.3% in the first quarter. Nisa Investment Advisors L.L.C. now owns 22,700 shares of the company’s stock worth $1,412,000 after buying an additional 500 shares in the last quarter. Pacad Investment Ltd. bought a new stake in United Rentals during the first quarter worth about $286,000. Teachers Advisors Inc. raised its stake in United Rentals by 13.3% in the first quarter. Teachers Advisors Inc. now owns 189,602 shares of the company’s stock worth $11,791,000 after buying an additional 22,289 shares in the last quarter. Franklin Resources Inc. raised its stake in United Rentals by 77.4% in the first quarter. Franklin Resources Inc. now owns 52,652 shares of the company’s stock worth $3,275,000 after buying an additional 22,976 shares in the last quarter. Finally, BlackRock Group LTD increased its position in United Rentals by 4.3% in the first quarter. BlackRock Group LTD now owns 1,309,454 shares of the company’s stock worth $81,435,000 after buying an additional 54,260 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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