United Rentals, Inc. (NYSE:URI) Receives $158.30 Average Target Price from Analysts

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Shares of United Rentals, Inc. (NYSE:URI) have been given an average recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $158.30.

Several equities research analysts have recently weighed in on URI shares. ValuEngine raised United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. OTR Global cut United Rentals to a “positive” rating in a research report on Monday, April 1st. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, April 17th. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Finally, Morgan Stanley increased their price objective on United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd.

In related news, Director Michael Kneeland sold 32,007 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.68, for a total value of $3,958,625.76. Following the completion of the transaction, the director now directly owns 223,871 shares in the company, valued at $27,688,365.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 233,261 shares of company stock valued at $29,791,035 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of United Rentals by 2.6% in the fourth quarter. BlackRock Inc. now owns 5,930,671 shares of the construction company’s stock valued at $608,071,000 after purchasing an additional 148,206 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in United Rentals by 37.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock worth $243,539,000 after acquiring an additional 641,130 shares in the last quarter. FMR LLC raised its stake in United Rentals by 2.9% during the fourth quarter. FMR LLC now owns 1,557,250 shares of the construction company’s stock worth $159,665,000 after acquiring an additional 44,492 shares in the last quarter. Geode Capital Management LLC raised its stake in United Rentals by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 1,063,797 shares of the construction company’s stock worth $108,880,000 after acquiring an additional 63,099 shares in the last quarter. Finally, Northern Trust Corp raised its stake in United Rentals by 1.6% during the fourth quarter. Northern Trust Corp now owns 938,889 shares of the construction company’s stock worth $96,264,000 after acquiring an additional 15,034 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

URI opened at $130.57 on Monday. United Rentals has a 1-year low of $94.28 and a 1-year high of $173.00. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31. The company has a market capitalization of $10.11 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.37 and a beta of 2.60. The company has a 50 day simple moving average of $123.63.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business earned $2.87 earnings per share. United Rentals’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that United Rentals will post 19.62 EPS for the current fiscal year.

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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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.

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Analyst Recommendations for United Rentals (NYSE:URI)

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