United Rentals Inc. (NYSE:URI)‘s stock had its “sell” rating reissued by stock analysts at Axiom Securities in a report issued on Saturday.
A number of other brokerages also recently issued reports on URI. Goldman Sachs Group Inc. upgraded United Rentals from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $90.00 in a report on Thursday, November 10th. Deutsche Bank AG initiated coverage on United Rentals in a report on Tuesday, September 6th. They set a “hold” rating and a $79.00 target price on the stock. Macquarie initiated coverage on United Rentals in a report on Thursday, August 25th. They set an “underperform” rating and a $92.00 target price on the stock. Barclays PLC upped their target price on United Rentals from $81.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 12th. Finally, Morgan Stanley downgraded United Rentals from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $85.00 to $81.00 in a report on Monday, October 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. United Rentals presently has a consensus rating of “Hold” and a consensus price target of $79.64.
Shares of United Rentals (NYSE:URI) opened at 98.12 on Friday. United Rentals has a 12-month low of $41.90 and a 12-month high of $98.12. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 15.14 and a beta of 2.41. The firm’s 50-day moving average is $82.15 and its 200-day moving average is $75.71.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.14. United Rentals had a return on equity of 48.98% and a net margin of 10.10%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $841 million. During the same quarter in the previous year, the business earned $2.57 EPS. United Rentals’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that United Rentals will post $8.29 EPS for the current fiscal year.
In other news, Director Lawrence Keith Wimbush sold 800 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $76.35, for a total value of $61,080.00. Following the completion of the sale, the director now directly owns 5,820 shares in the company, valued at approximately $444,357. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jenne K. Britell sold 3,200 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $93.96, for a total value of $300,672.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in United Rentals during the third quarter valued at approximately $518,000. Price T Rowe Associates Inc. MD raised its stake in United Rentals by 0.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 157,370 shares of the company’s stock valued at $12,352,000 after buying an additional 700 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in United Rentals by 10.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 312,931 shares of the company’s stock valued at $24,561,000 after buying an additional 29,564 shares during the period. Credit Suisse AG raised its stake in United Rentals by 70.3% in the third quarter. Credit Suisse AG now owns 262,292 shares of the company’s stock valued at $20,587,000 after buying an additional 108,241 shares during the period. Finally, Verition Fund Management LLC bought a new stake in United Rentals during the third quarter valued at approximately $450,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.
United Rentals Company Profile