United Rentals (NYSE: URI) has recently received a number of price target changes and ratings updates:

  • 8/4/2017 – United Rentals was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/2/2017 – United Rentals was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $131.00 price target on the stock. According to Zacks, “United Rentals came up with better-than-expected results in the second quarter of 2017. Earnings and revenues also improved from the year-ago level buoyed by solid volume growth, record time utilization along with improved rate trend. Volume of equipment on rent increased 17.4% year over year. Notably, shares of United Rentals have outperformed the broader market significantly in the last one year. The addition of NES Rentals is expected to significantly drive the stock’s performance in the upcoming quarters as well. NES contributed $105 million to revenues and $46 million to adjusted EBITDA in the second quarter of 2017. However, rental rates continue to decline (down 1.2% year over year in the quarter). Also, adjusted EBITDA margin declined 100 basis points (bps) from the prior-year quarter.”
  • 8/1/2017 – United Rentals was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Rentals came up with better-than-expected results in the second quarter of 2017. Earnings and revenues also improved from the year-ago level buoyed by solid volume growth, record time utilization along with improved rate trend. Volume of equipment on rent increased 17.4% year over year. Notably, shares of United Rentals have outperformed the broader market significantly in the last one year. The addition of NES Rentals is expected to significantly drive the stock’s performance in the upcoming quarters as well. NES contributed $105 million to revenues and $46 million to adjusted EBITDA in the second quarter of 2017. However, rental rates continue to decline (down 1.2% year over year in the quarter). Also, adjusted EBITDA margin declined 100 basis points (bps) from the prior-year quarter.”
  • 7/26/2017 – United Rentals had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/24/2017 – United Rentals was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “United Rentals came up with better-than-expected results in the second quarter of 2017. Earnings and revenues also improved from the year-ago level buoyed by solid volume growth, record time utilization along with improved rate trend. Volume of equipment on rent increased 17.4% year over year. Notably, shares of United Rentals have outperformed the broader market significantly in the last one year. The addition of NES Rentals is expected to significantly drive the stock’s performance in the upcoming quarters as well. NES contributed $105 million to revenues and $46 million to adjusted EBITDA in the second quarter of 2017. However, rental rates continue to decline (down 1.2% year over year in the quarter). Also, adjusted EBITDA margin declined 100 basis points (bps) from the prior-year quarter.”
  • 7/21/2017 – United Rentals had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 7/21/2017 – United Rentals had its price target raised by analysts at Deutsche Bank AG from $121.00 to $130.00. They now have a “hold” rating on the stock.
  • 7/21/2017 – United Rentals had its price target raised by analysts at Citigroup Inc. from $130.00 to $142.00. They now have a “buy” rating on the stock.
  • 7/20/2017 – United Rentals had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $145.00 price target on the stock, up previously from $130.00.
  • 7/20/2017 – United Rentals was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 7/19/2017 – United Rentals was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/17/2017 – United Rentals was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating. They now have a $138.00 price target on the stock, up previously from $128.00.
  • 7/13/2017 – United Rentals was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “United Rentals’ shares lost 4.7% so far this year, underperforming the Zacks categorized Building Products – Miscellaneous industry. Declining rental rates is marring growth prospects. Notably, in 2016, rental rates decreased 2.2% and 1.4% in the first quarter of 2017 as well on a year-over-year basis. The fragmented nature of the industry and the company’s limited market share may impact it ability to mitigate rental rate pressure. Moreover, competitive pressure could affect revenues and operating results by decreasing rental volumes, impacting prices the company charges or increasing costs to retain employees. Though the addition of NES Rentals is expected to significantly boost growth, we await better visibility.”
  • 7/13/2017 – United Rentals had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/1/2017 – United Rentals was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of United Rentals, Inc. (URI) traded down 3.20% during trading on Thursday, reaching $111.62. The company’s stock had a trading volume of 1,697,831 shares. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 16.21 and a beta of 2.43. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $134.28. The stock’s 50 day moving average price is $114.60 and its 200-day moving average price is $117.39.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. Equities analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current year.

In other news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the transaction, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

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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