United Rentals Inc. (NYSE:URI) had its price objective raised by Barclays PLC from $81.00 to $94.00 in a report issued on Wednesday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 18.24% from the stock’s previous close.
Several other equities analysts also recently commented on the company. Argus assumed coverage on United Rentals in a research report on Tuesday, October 4th. They issued a “buy” rating and a $90.00 target price for the company. OTR Global raised United Rentals from a “mixed” rating to a “positive” rating in a research note on Friday, September 23rd. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. Deutsche Bank AG initiated coverage on United Rentals in a research note on Tuesday, September 6th. They set a “hold” rating and a $79.00 target price for the company. Finally, Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.74.
Shares of United Rentals (NYSE:URI) traded up 0.81% during mid-day trading on Wednesday, reaching $80.14. The company had a trading volume of 254,302 shares. United Rentals has a 52-week low of $41.90 and a 52-week high of $84.63. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 12.08 and a beta of 2.61. The firm’s 50-day moving average price is $79.42 and its 200 day moving average price is $71.20.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.82 by $0.24. The firm earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.95 earnings per share. Equities analysts expect that United Rentals will post $8.08 EPS for the current year.
In related news, Director Brian Mcauley sold 4,000 shares of United Rentals stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $81.09, for a total transaction of $324,360.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lawrence Keith Wimbush sold 3,000 shares of United Rentals stock in a transaction on Friday, July 29th. The stock was sold at an average price of $79.04, for a total value of $237,120.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Calamos Advisors LLC purchased a new stake in United Rentals during the second quarter worth about $36,853,000. Panagora Asset Management Inc. increased its stake in United Rentals by 12.8% in the first quarter. Panagora Asset Management Inc. now owns 576,903 shares of the company’s stock worth $35,878,000 after buying an additional 65,631 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in United Rentals during the second quarter worth about $15,205,000. Aviva PLC increased its stake in United Rentals by 0.6% in the first quarter. Aviva PLC now owns 41,448 shares of the company’s stock worth $2,578,000 after buying an additional 264 shares in the last quarter. Finally, Coastland Capital LLC purchased a new stake in United Rentals during the first quarter worth about $4,353,000. Institutional investors and hedge funds own 90.93% of the company’s stock.
United Rentals Company Profile
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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