Trading Report: The United Rentals Inc. (NYSE:URI) Receives $75.30 Consensus Target Price from Analysts

The United Rentals Inc. (NYSE:URI) Receives $75.30 Consensus Target Price from Analysts

Shares of United Rentals Inc. (NYSE:URI) have been assigned a consensus recommendation of “Hold” from the twenty-two ratings firms that are presently covering the stock. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $76.28.

Several analysts have recently weighed in on URI shares. Deutsche Bank AG assumed coverage on shares of United Rentals in a research note on Tuesday, September 6th. They issued a “hold” rating and a $79.00 price objective for the company. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Tuesday, August 30th. Argus assumed coverage on shares of United Rentals in a research report on Tuesday. They issued a “buy” rating and a $90.00 price target for the company. Morgan Stanley reissued a “buy” rating on shares of United Rentals in a research report on Tuesday, June 28th. Finally, Macquarie assumed coverage on shares of United Rentals in a research report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price target for the company.

In related news, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $78.74, for a total value of $1,244,958.14. Following the sale, the chief financial officer now directly owns 73,209 shares in the company, valued at approximately $5,764,476.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jessica Graziano sold 877 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the sale, the vice president now owns 7,127 shares in the company, valued at $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in URI. Acrospire Investment Management LLC boosted its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares in the last quarter. WFG Advisors LP boosted its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of United Rentals during the second quarter worth about $123,000. Finally, Invictus RG boosted its stake in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

United Rentals (NYSE:URI) opened at 80.58 on Monday. United Rentals has a 12 month low of $41.90 and a 12 month high of $84.63. The stock has a 50 day moving average of $79.25 and a 200 day moving average of $70.67. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.15 and a beta of 2.61.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.24. The company earned $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. United Rentals’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 EPS. Equities analysts anticipate that United Rentals will post $8.05 EPS for the current fiscal year.

Related posts

Leave a Comment