United Rentals (NYSE:URI - Get Free Report) had its target price hoisted by stock analysts at Truist Financial from $955.00 to $965.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Truist Financial's target price would suggest a potential upside of 34.40% from the company's current price.
URI has been the subject of a number of other research reports. Argus raised their price target on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Robert W. Baird raised their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. Citigroup boosted their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals presently has an average rating of "Hold" and an average target price of $770.71.
Read Our Latest Report on URI
Shares of URI stock traded down $6.15 during mid-day trading on Thursday, reaching $718.00. The stock had a trading volume of 86,221 shares, compared to its average volume of 542,606. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock's 50-day moving average price is $830.91 and its two-hundred day moving average price is $750.14. The firm has a market capitalization of $47.12 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.83 and a beta of 1.66. United Rentals has a 52-week low of $533.70 and a 52-week high of $896.98.
United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the prior year, the firm earned $11.73 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that United Rentals will post 43.46 earnings per share for the current fiscal year.
In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its position in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after buying an additional 85,325 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after acquiring an additional 1,604,715 shares during the period. Geode Capital Management LLC increased its holdings in United Rentals by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after acquiring an additional 9,256 shares in the last quarter. Franklin Resources Inc. raised its stake in United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after acquiring an additional 57,002 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after purchasing an additional 66,957 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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