United Rentals, Inc. (URI) Upgraded to Strong-Buy by BidaskClub
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.
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