BidaskClub upgraded shares of United Rentals, Inc. (NYSE:URI) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

Several other analysts also recently weighed in on the company. Royal Bank Of Canada upgraded United Rentals from a sector perform rating to an outperform rating and upped their price objective for the stock from $128.00 to $138.00 in a research report on Monday, July 17th. Axiom Securities reaffirmed a sell rating on shares of United Rentals in a report on Thursday, July 13th. Zacks Investment Research cut United Rentals from a hold rating to a sell rating in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a buy rating and issued a $150.00 target price on shares of United Rentals in a report on Friday, June 9th. Finally, ValuEngine raised United Rentals from a buy rating to a strong-buy rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $124.91.

Shares of United Rentals (NYSE URI) opened at 119.31 on Wednesday. The company has a 50-day moving average price of $110.17 and a 200-day moving average price of $116.51. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 17.69 and a beta of 2.42. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $2.06 EPS. United Rentals’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts forecast that United Rentals will post $9.66 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of URI. Cleararc Capital Inc. boosted its stake in shares of United Rentals by 0.6% in the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after buying an additional 12 shares during the last quarter. HCR Wealth Advisors boosted its stake in United Rentals by 2.4% in the first quarter. HCR Wealth Advisors now owns 2,260 shares of the construction company’s stock valued at $283,000 after buying an additional 54 shares in the last quarter. Whittier Trust Co. boosted its stake in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares in the last quarter. Bremer Trust National Association boosted its stake in United Rentals by 0.5% in the first quarter. Bremer Trust National Association now owns 17,465 shares of the construction company’s stock valued at $2,184,000 after buying an additional 83 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in United Rentals by 0.5% in the first quarter. Arizona State Retirement System now owns 20,900 shares of the construction company’s stock valued at $2,614,000 after buying an additional 100 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Analyst Recommendations for United Rentals (NYSE:URI)

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