UBS Group set a $196.00 target price on United Rentals (NYSE:URI) in a report released on Tuesday morning, www.stocktargetadvisor.com reports. The firm currently has a buy rating on the construction company’s stock.

Several other analysts have also recently weighed in on URI. Bank of America lowered their price objective on shares of United Rentals from $230.00 to $186.00 and set a buy rating on the stock in a research report on Thursday, May 3rd. Zacks Investment Research cut shares of United Rentals from a strong-buy rating to a hold rating in a research report on Tuesday, June 19th. Finally, Buckingham Research upgraded shares of United Rentals from a neutral rating to a buy rating and set a $180.00 price objective on the stock in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. United Rentals currently has an average rating of Buy and a consensus target price of $184.09.

United Rentals stock opened at $150.51 on Tuesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market cap of $12.30 billion, a PE ratio of 14.21, a P/E/G ratio of 0.52 and a beta of 2.45. United Rentals has a fifty-two week low of $106.52 and a fifty-two week high of $190.74.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 18th. The construction company reported $3.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.40. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. United Rentals had a net margin of 21.18% and a return on equity of 39.28%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company posted $2.37 EPS. equities analysts forecast that United Rentals will post 15.95 earnings per share for the current year.

In related 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 owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in URI. Global X Management Co. LLC grew its holdings in shares of United Rentals by 127.7% during the 1st quarter. Global X Management Co. LLC now owns 18,092 shares of the construction company’s stock valued at $3,125,000 after purchasing an additional 10,146 shares during the last quarter. HL Financial Services LLC grew its holdings in shares of United Rentals by 2.0% during the 1st quarter. HL Financial Services LLC now owns 29,887 shares of the construction company’s stock valued at $5,162,000 after purchasing an additional 573 shares during the last quarter. Intrinsic Edge Capital Management LLC grew its holdings in shares of United Rentals by 58.4% during the 1st quarter. Intrinsic Edge Capital Management LLC now owns 49,104 shares of the construction company’s stock valued at $8,482,000 after purchasing an additional 18,105 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of United Rentals by 30.9% during the 1st quarter. Alps Advisors Inc. now owns 7,250 shares of the construction company’s stock valued at $1,252,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its holdings in shares of United Rentals by 20.3% during the 1st quarter. Traynor Capital Management Inc. now owns 5,741 shares of the construction company’s stock valued at $991,000 after purchasing an additional 967 shares during the last quarter. 86.96% of the stock is currently owned by institutional investors.

United Rentals Company Profile

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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Analyst Recommendations for United Rentals (NYSE:URI)

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