United Rentals (NYSE:URI) had its target price hoisted by Goldman Sachs Group from $180.00 to $200.00 in a report released on Monday morning, The Fly reports. The firm currently has a conviction-buy rating on the construction company’s stock.
Several other brokerages also recently weighed in on URI. Buckingham Research reiterated a buy rating and issued a $180.00 price target (up previously from $170.00) on shares of United Rentals in a report on Monday, November 11th. Royal Bank of Canada set a $150.00 price target on shares of United Rentals and gave the stock a buy rating in a report on Friday, October 18th. UBS Group downgraded shares of United Rentals from a buy rating to a neutral rating and cut their price target for the stock from $166.00 to $118.00 in a report on Tuesday, October 8th. Morgan Stanley increased their price target on shares of United Rentals from $170.00 to $196.00 and gave the stock an overweight rating in a report on Wednesday, December 11th. Finally, Zacks Investment Research upgraded shares of United Rentals from a sell rating to a hold rating and set a $119.00 price target on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $155.78.
URI opened at $154.89 on Monday. United Rentals has a 52-week low of $101.90 and a 52-week high of $170.04. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93. The company has a market cap of $11.60 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.65 and a beta of 2.71. The firm’s 50-day moving average price is $161.68 and its 200-day moving average price is $135.77.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $4.74 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that United Rentals will post 19.25 EPS for the current fiscal year.
In other news, SVP Jeffrey J. Fenton sold 2,735 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $132.53, for a total transaction of $362,469.55. Following the sale, the senior vice president now owns 33,819 shares of the company’s stock, valued at approximately $4,482,032.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey J. Fenton sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $160.95, for a total transaction of $3,219,000.00. Following the sale, the senior vice president now directly owns 13,819 shares in the company, valued at approximately $2,224,168.05. The disclosure for this sale can be found here. Insiders have sold a total of 48,770 shares of company stock worth $7,511,710 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of URI. Canada Pension Plan Investment Board grew its stake in shares of United Rentals by 1,114.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 753 shares of the construction company’s stock worth $100,000 after purchasing an additional 691 shares during the period. D.A. Davidson & CO. grew its stake in shares of United Rentals by 7.2% during the 2nd quarter. D.A. Davidson & CO. now owns 2,090 shares of the construction company’s stock worth $277,000 after purchasing an additional 140 shares during the period. Captrust Financial Advisors lifted its position in shares of United Rentals by 75.0% during the 2nd quarter. Captrust Financial Advisors now owns 420 shares of the construction company’s stock valued at $56,000 after buying an additional 180 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of United Rentals by 3.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 91,044 shares of the construction company’s stock valued at $12,077,000 after buying an additional 3,368 shares in the last quarter. Finally, National Pension Service lifted its position in shares of United Rentals by 3.6% during the 2nd quarter. National Pension Service now owns 124,351 shares of the construction company’s stock valued at $16,493,000 after buying an additional 4,312 shares in the last quarter. 88.32% of the stock is currently owned by institutional investors and hedge funds.
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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