United Rentals (NYSE:URI) has been given a $180.00 price objective by investment analysts at UBS Group in a report issued on Thursday, www.stocktargetadvisor.com reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 53.69% from the company’s current price.
A number of other research analysts have also recently weighed in on the company. Buckingham Research raised United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Friday, July 13th. Bank of America set a $186.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Wednesday, July 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research report on Monday, July 23rd. Deutsche Bank set a $158.00 price objective on United Rentals and gave the company a “hold” rating in a research report on Wednesday, September 5th. Finally, ValuEngine cut United Rentals from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. United Rentals has a consensus rating of “Hold” and an average target price of $175.83.
Shares of NYSE:URI opened at $117.12 on Thursday. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.49 and a beta of 2.46. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68. United Rentals has a 52-week low of $116.88 and a 52-week high of $190.74.
In related news, Director Donald C. Roof sold 5,000 shares of United Rentals stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the sale, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of URI. Moneta Group Investment Advisors LLC raised its stake in United Rentals by 93.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock valued at $184,000 after purchasing an additional 600 shares during the period. Cerebellum GP LLC bought a new stake in United Rentals during the 3rd quarter valued at approximately $187,000. Wagner Bowman Management Corp bought a new stake in United Rentals during the 2nd quarter valued at approximately $206,000. Welch & Forbes LLC bought a new stake in United Rentals during the 3rd quarter valued at approximately $215,000. Finally, Opera Trading Capital bought a new stake in United Rentals during the 2nd quarter valued at approximately $221,000. 86.82% of the stock is currently owned by institutional investors.
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 Pump. The General Rentals segment engages in 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; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
Read More: What is the 52-week high/low?
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.