United Rentals, Inc. (NYSE:URI) Stock Has Average Target Price of $1,288.19 According to Analysts

Shares of United Rentals, Inc. (NYSE:URI) have received an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $1,288.19.

URI has been the subject of a number of recent research reports. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. JPMorgan Chase & Co. cut United Rentals from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $1,235.00 to $1,170.00 in a research note on Thursday, September 10th. Barclays upped their price target on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Bank of America reaffirmed a “buy” rating on shares of United Rentals in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research note on Friday, July 24th.

Institutional Investors Weigh In On United Rentals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URI. SFE Investment Counsel acquired a new stake in United Rentals during the 2nd quarter worth approximately $12,765,000. Bank of America Corp DE bought a new position in United Rentals during the 2nd quarter worth $944,196,000. Geneos Wealth Management Inc. lifted its holdings in shares of United Rentals by 9.7% during the first quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company’s stock worth $7,855,000 after buying an additional 950 shares in the last quarter. Eastern Bank lifted its holdings in shares of United Rentals by 20.0% during the third quarter. Eastern Bank now owns 20,593 shares of the construction company’s stock worth $20,609,000 after buying an additional 3,427 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of United Rentals by 9.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,447 shares of the construction company’s stock valued at $19,240,000 after acquiring an additional 2,350 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.6%

Shares of URI stock opened at $1,167.43 on Tuesday. The stock’s fifty day moving average is $1,049.13 and its two-hundred day moving average is $970.70. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.80. The firm has a market capitalization of $72.29 billion, a P/E ratio of 25.66, a PEG ratio of 1.66 and a beta of 1.83. United Rentals has a fifty-two week low of $701.59 and a fifty-two week high of $1,202.12.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 21st. The construction company reported $15.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $13.97 by $1.58. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. United Rentals’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.70 earnings per share. Research analysts expect that United Rentals will post 51.17 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. United Rentals’s dividend payout ratio (DPR) is 17.32%.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.