United Rentals, Inc. (NYSE:URI) Receives Average Rating of “Moderate Buy” from Brokerages

United Rentals, Inc. (NYSE:URI) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $970.7647.

URI has been the topic of a number of research reports. Wells Fargo & Company upped their target price on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp restated an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. Truist Financial lowered their price objective on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Citigroup raised their price objective on shares of United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada set a $1,123.00 target price on shares of United Rentals in a research report on Friday, October 24th.

Institutional Trading of United Rentals

Several institutional investors and hedge funds have recently modified their holdings of URI. Vaughan Nelson Investment Management L.P. purchased a new position in shares of United Rentals in the 2nd quarter worth approximately $152,069,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of United Rentals during the second quarter valued at approximately $298,000. North Growth Management Ltd. lifted its holdings in United Rentals by 22.2% during the third quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock worth $10,189,000 after acquiring an additional 2,000 shares during the period. Vise Technologies Inc. bought a new stake in United Rentals during the second quarter worth $7,514,000. Finally, Symphony Financial Ltd. Co. purchased a new position in United Rentals in the second quarter worth $29,171,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Down 4.1%

United Rentals stock opened at $917.28 on Friday. The firm has a market cap of $58.37 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.91 and a beta of 1.69. United Rentals has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a 50 day moving average price of $843.26 and a two-hundred day moving average price of $886.23.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the business posted $11.80 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Equities analysts predict that United Rentals will post 44.8 EPS for the current year.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.