Deutsche Bank set a $158.00 price target on United Rentals (NYSE:URI) in a research note released on Wednesday, MarketBeat.com reports. The firm currently has a hold rating on the construction company’s stock.
Several other analysts have also commented on URI. Zacks Investment Research lowered shares of United Rentals from a strong-buy rating to a hold rating in a research report on Tuesday, June 19th. UBS Group upgraded shares of United Rentals from a neutral rating to a buy rating and set a $196.00 price target on the stock in a research report on Friday, June 22nd. Buckingham Research upgraded shares of United Rentals from a neutral rating to a buy rating and set a $180.00 price target on the stock in a research report on Friday, July 13th. Finally, Bank of America set a $186.00 price target on shares of United Rentals and gave the company a buy rating in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $184.18.
URI stock opened at $152.30 on Wednesday. The firm has a market cap of $12.96 billion, a P/E ratio of 14.38, a PEG ratio of 0.55 and a beta of 2.46. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 2.56. United Rentals has a one year low of $123.45 and a one year high of $190.74.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.40. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. United Rentals had a net margin of 21.18% and a return on equity of 39.28%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $2.37 earnings per share. research analysts predict that United Rentals will post 15.95 earnings per share for the current year.
In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction on Friday, July 20th. The shares were sold at an average price of $155.37, for a total transaction of $4,661,100.00. Following the transaction, the chief executive officer now directly owns 219,925 shares of the company’s stock, valued at $34,169,747.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of URI. Bank of Montreal Can purchased a new position in United Rentals during the second quarter valued at $111,154,000. Janus Henderson Group PLC lifted its holdings in United Rentals by 131.1% during the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock valued at $146,992,000 after purchasing an additional 564,954 shares in the last quarter. J. L. Bainbridge & Co. Inc. purchased a new position in United Rentals during the second quarter valued at $55,798,000. Public Employees Retirement Association of Colorado lifted its stake in shares of United Rentals by 2,369.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 384,866 shares of the construction company’s stock worth $56,814,000 after buying an additional 369,280 shares in the last quarter. Finally, Columbus Hill Capital Management L.P. purchased a new position in shares of United Rentals in the second quarter worth about $53,143,000. 86.83% 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 Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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