United Rentals (NYSE:URI) has been given a $190.00 price target by Buckingham Research in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the construction company’s stock. Buckingham Research’s price objective points to a potential upside of 12.45% from the company’s previous close.

A number of other equities analysts have also issued reports 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 target price for the company in a research report on Friday, June 22nd. Bank of America set a $186.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Deutsche Bank set a $158.00 target price on shares of United Rentals and gave the company a “hold” rating in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $188.73.

United Rentals stock opened at $168.96 on Tuesday. The stock has a market cap of $13.98 billion, a PE ratio of 15.95, a PEG ratio of 0.59 and a beta of 2.47. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.68 and a quick ratio of 0.63. United Rentals has a one year low of $129.01 and a one year high of $190.74.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 18th. The construction company reported $3.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.45 by $0.40. The firm had revenue of $1.89 billion during 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%. United Rentals’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.37 EPS. equities research analysts predict that United Rentals will post 16.08 EPS for the current year.

In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $155.37, for a total value of $4,661,100.00. Following the completion of the sale, the chief executive officer now directly owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the sale, the director now directly owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC lifted its holdings in United Rentals by 1,190.0% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock valued at $111,000 after acquiring an additional 595 shares during the last quarter. Optimum Investment Advisors acquired a new stake in United Rentals in the 1st quarter valued at about $164,000. Wagner Bowman Management Corp acquired a new stake in United Rentals in the 2nd quarter valued at about $206,000. Opera Trading Capital acquired a new stake in United Rentals in the 2nd quarter valued at about $221,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in United Rentals in the 2nd quarter valued at about $223,000. 86.78% of the stock is owned by institutional investors.

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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Analyst Recommendations for United Rentals (NYSE:URI)

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