United Rentals (URI) Stock Rating Reaffirmed by Royal Bank of Canada
Royal Bank of Canada reissued their buy rating on shares of United Rentals (NYSE:URI) in a research report report published on Thursday. The firm currently has a $194.00 target price on the construction company’s stock.
Several other brokerages also recently weighed in on URI. Buckingham Research restated a neutral rating and set a $175.00 target price (up previously from $154.00) on shares of United Rentals in a research note on Tuesday, January 9th. Zacks Investment Research downgraded United Rentals from a buy rating to a hold rating in a research note on Saturday, January 6th. Bank of America upgraded United Rentals to a buy rating and increased their target price for the company from $165.00 to $195.00 in a research note on Tuesday, December 19th. Stifel Nicolaus restated a buy rating and set a $171.00 target price on shares of United Rentals in a research note on Thursday, December 14th. Finally, Barclays assumed coverage on United Rentals in a research note on Tuesday, December 12th. They set an underweight rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $159.68.
Shares of United Rentals (URI) opened at $180.89 on Thursday. United Rentals has a 52 week low of $100.62 and a 52 week high of $182.86. The firm has a market capitalization of $15,298.77, a P/E ratio of 25.62, a P/E/G ratio of 0.76 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating the 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 prior year, the company earned $2.58 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. equities analysts forecast that United Rentals will post 10.53 earnings per share for the current year.
United Rentals declared that its board has approved a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other United Rentals news, insider Michael Kneeland sold 25,421 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $162.76, for a total value of $4,137,521.96. Following the completion of the transaction, the insider now owns 245,286 shares of the company’s stock, valued at approximately $39,922,749.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,760 shares of company stock valued at $13,873,111. Insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $119,000. Americafirst Capital Management LLC acquired a new position in shares of United Rentals in the 2nd quarter worth approximately $151,000. First Manhattan Co. raised its holdings in shares of United Rentals by 42.9% in the 3rd quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after buying an additional 425 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Rentals by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 145 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $202,000. 91.37% of the stock is owned by institutional investors and hedge funds.
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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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