United Rentals (URI) Rating Reiterated by Stifel Nicolaus
United Rentals (NYSE:URI)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a note issued to investors on Thursday. They presently have a $171.00 target price on the construction company’s stock. Stifel Nicolaus’ target price points to a potential upside of 4.39% from the company’s previous close.
Several other brokerages also recently weighed in on URI. Jefferies Group reaffirmed a “buy” rating on shares of United Rentals in a research report on Friday, August 18th. UBS set a $150.00 target price on United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Deutsche Bank reaffirmed a “hold” rating and issued a $157.00 target price (up previously from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Barclays initiated coverage on United Rentals in a research report on Tuesday. They issued an “underweight” rating and a $150.00 target price for the company. Finally, Oppenheimer reaffirmed a “hold” rating on shares of United Rentals in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $152.04.
United Rentals (NYSE:URI) traded up $0.16 during mid-day trading on Thursday, reaching $163.81. The company’s stock had a trading volume of 948,200 shares, compared to its average volume of 1,556,150. United Rentals has a 1 year low of $100.62 and a 1 year high of $165.85. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $13,850.00, a P/E ratio of 16.48, a PEG ratio of 0.84 and a beta of 2.67.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. equities analysts predict that United Rentals will post 10.56 earnings per share for the current fiscal year.
United Rentals declared that its board has approved a stock buyback 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other United Rentals news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the sale, the chief financial officer now owns 38,055 shares in the company, valued at $4,880,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Singleton B. Mcallister sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $163.67, for a total value of $360,074.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,640 shares of company stock worth $10,415,495. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC acquired a new stake in United Rentals during the third quarter valued at approximately $119,000. Americafirst Capital Management LLC acquired a new stake in United Rentals during the second quarter valued at approximately $151,000. First Manhattan Co. raised its stake in United Rentals by 42.9% during the third quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock valued at $196,000 after buying an additional 425 shares in the last quarter. Trexquant Investment LP acquired a new stake in United Rentals during the third quarter valued at approximately $202,000. Finally, Calamos Advisors LLC acquired a new stake in United Rentals during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 91.75% of the company’s stock.
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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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