United Rentals (URI) Earns Daily Media Impact Rating of 0.21
Media stories about United Rentals (NYSE:URI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Rentals earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.4999684591756 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Brokers Issue Forecasts for United Rentals, Inc.’s Q1 2018 Earnings (URI) (americanbankingnews.com)
- Contrasting Lionbridge Technologies (LIOX) & United Rentals (URI) (americanbankingnews.com)
- United Rentals (URI) Rating Reiterated by Royal Bank of Canada (americanbankingnews.com)
- Notable Thursday Option Activity: Z, DFS, URI (nasdaq.com)
- United Rentals, Inc. Fourth Quarter and Full Year 2017 Conference Call and Audio Webcast (finance.yahoo.com)
A number of brokerages have weighed in on URI. Royal Bank of Canada reaffirmed a “buy” rating and issued a $194.00 price target on shares of United Rentals in a research report on Thursday. Buckingham Research reaffirmed a “neutral” rating and issued a $175.00 price target (up previously from $154.00) on shares of United Rentals in a research report on Tuesday. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Bank of America raised United Rentals to a “buy” rating and boosted their price target for the stock from $165.00 to $195.00 in a research report on Tuesday, December 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $171.00 price target on shares of United Rentals in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $159.68.
United Rentals (NYSE:URI) traded up $0.90 during trading on Friday, hitting $180.89. The stock had a trading volume of 878,564 shares, compared to its average volume of 1,132,067. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $15,300.00, a price-to-earnings ratio of 25.66, a PEG ratio of 0.74 and a beta of 2.67. United Rentals has a twelve month low of $100.62 and a twelve month high of $182.86.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.27. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 earnings per share. analysts predict that United Rentals will post 10.52 earnings per share for the current year.
United Rentals declared that its board has approved a share repurchase program on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, Director Singleton B. Mcallister sold 2,200 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $163.67, for a total transaction of $360,074.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $144.72, for a total value of $4,341,600.00. Following the transaction, the insider now owns 272,292 shares in the company, valued at $39,406,098.24. The disclosure for this sale can be found here. Insiders sold 91,760 shares of company stock worth $13,873,111 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.
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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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