United Rentals’ (URI) Buy Rating Reiterated at Jefferies Group

Jefferies Group reiterated their buy rating on shares of United Rentals (NYSE:URI) in a research note released on Tuesday, The Fly reports. The brokerage currently has a $210.00 target price on the construction company’s stock. Jefferies Group also issued estimates for United Rentals’ Q4 2017 earnings at $3.53 EPS, FY2017 earnings at $10.79 EPS, FY2018 earnings at $16.87 EPS and FY2019 earnings at $19.70 EPS.

Several other research firms also recently weighed in on URI. Royal Bank of Canada reissued a buy rating and issued a $194.00 price objective on shares of United Rentals in a report on Thursday, January 11th. Buckingham Research reissued a neutral rating and issued a $175.00 price objective (up from $154.00) on shares of United Rentals in a report on Tuesday, January 9th. Zacks Investment Research downgraded United Rentals from a buy rating to a hold rating in a report on Saturday, January 6th. Bank of America raised United Rentals to a buy rating and increased their price objective for the company from $165.00 to $195.00 in a report on Tuesday, December 19th. Finally, Stifel Nicolaus reissued a buy rating and issued a $171.00 price objective on shares of United Rentals in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $162.89.

United Rentals (URI) opened at $183.67 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $15,328.30, a P/E ratio of 26.02, a P/E/G ratio of 0.73 and a beta of 2.67. United Rentals has a fifty-two week low of $100.62 and a fifty-two week high of $184.25.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 earnings per share. equities analysts anticipate that United Rentals will post 10.6 EPS for the current fiscal year.

United Rentals announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 18th that authorizes the company to buyback $373.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Donald C. Roof sold 4,500 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $143.95, for a total transaction of $647,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donald C. Roof sold 757 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $159.80, for a total value of $120,968.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,760 shares of company stock valued at $9,531,511. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of URI. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of United Rentals by 49.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,404 shares of the construction company’s stock worth $271,000 after purchasing an additional 799 shares during the period. Schroder Investment Management Group lifted its holdings in shares of United Rentals by 2,817.7% during the second quarter. Schroder Investment Management Group now owns 19,315 shares of the construction company’s stock worth $2,119,000 after purchasing an additional 18,653 shares during the period. Alliancebernstein L.P. raised its position in United Rentals by 4.1% in the second quarter. Alliancebernstein L.P. now owns 270,413 shares of the construction company’s stock worth $30,478,000 after acquiring an additional 10,659 shares in the last quarter. Icon Advisers Inc. Co. purchased a new position in United Rentals in the second quarter worth $282,000. Finally, BlackRock Inc. raised its position in United Rentals by 3.3% in the second quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock worth $679,080,000 after acquiring an additional 190,803 shares in the last quarter. 91.48% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for United Rentals (NYSE:URI)

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