United Rentals, Inc. (NYSE:URI) Stock Has Average Price Target of $1,288.19

United Rentals, Inc. (NYSE:URI) has been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $1,288.19.

A number of equities analysts have issued reports on URI shares. UBS Group raised their price objective on shares of United Rentals from $1,350.00 to $1,450.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Citigroup reiterated a “buy” rating on shares of United Rentals in a research report on Monday, September 14th. Argus reissued a “buy” rating and issued a $1,250.00 price target on shares of United Rentals in a research note on Tuesday, August 4th. Barclays upped their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Finally, KeyCorp reissued an “overweight” rating on shares of United Rentals in a research note on Friday, October 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. SFE Investment Counsel acquired a new stake in shares of United Rentals in the 2nd quarter valued at approximately $12,765,000. Bank of America Corp DE bought a new position in shares of United Rentals during the 2nd quarter worth approximately $944,196,000. Geneos Wealth Management Inc. boosted its stake in shares of United Rentals by 9.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company’s stock worth $7,855,000 after acquiring an additional 950 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of United Rentals by 9.8% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,447 shares of the construction company’s stock worth $19,240,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Nwam LLC acquired a new position in shares of United Rentals during the 2nd quarter worth approximately $2,346,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

United Rentals stock opened at $1,198.33 on Tuesday. The company has a market cap of $74.20 billion, a PE ratio of 26.34, a PEG ratio of 1.66 and a beta of 1.83. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35. United Rentals has a 1 year low of $701.59 and a 1 year high of $1,198.80. The company’s 50-day moving average is $1,047.67 and its two-hundred day moving average is $969.61.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, topping the consensus estimate of $13.97 by $1.58. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. United Rentals’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $11.70 EPS. Equities analysts anticipate that United Rentals will post 50.83 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be given a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 10th. United Rentals’s dividend payout ratio (DPR) is currently 17.32%.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.