United Rentals (NYSE:URI) has been given a $175.00 price objective by research analysts at Bank of America in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the construction company’s stock. Bank of America’s price objective would indicate a potential upside of 49.42% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. ValuEngine cut United Rentals from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price objective on the stock in a research note on Tuesday, September 18th. Buckingham Research set a $190.00 price objective on United Rentals and gave the company a “buy” rating in a research note on Tuesday, September 18th. Deutsche Bank set a $158.00 price objective on United Rentals and gave the company a “hold” rating in a research note on Wednesday, September 5th. Finally, UBS Group set a $196.00 price target on United Rentals and gave the company a “buy” rating in a research report on Tuesday, August 14th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $175.83.

Shares of United Rentals stock opened at $117.12 on Thursday. United Rentals has a 52-week low of $116.88 and a 52-week high of $190.74. The stock has a market capitalization of $11.51 billion, a P/E ratio of 11.06, a PEG ratio of 0.49 and a beta of 2.46. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 2.56.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.56 by $0.18. United Rentals had a return on equity of 40.17% and a net margin of 21.96%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business posted $3.25 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that United Rentals will post 16.13 EPS for the current year.

In other news, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the sale, the director now directly owns 12,564 shares in the company, valued at $2,107,987.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of United Rentals by 131.1% in the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock worth $146,992,000 after purchasing an additional 564,954 shares during the last quarter. Morgan Stanley increased its position in shares of United Rentals by 21.6% in the second quarter. Morgan Stanley now owns 755,594 shares of the construction company’s stock worth $111,539,000 after purchasing an additional 134,101 shares during the last quarter. Bank of Montreal Can bought a new position in shares of United Rentals in the second quarter worth approximately $111,154,000. Dimensional Fund Advisors LP increased its position in shares of United Rentals by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 732,477 shares of the construction company’s stock worth $108,130,000 after purchasing an additional 8,936 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of United Rentals by 38.5% in the first quarter. Allianz Asset Management GmbH now owns 676,499 shares of the construction company’s stock worth $116,852,000 after purchasing an additional 188,047 shares during the last quarter. Institutional investors own 86.82% of the company’s stock.

United Rentals Company Profile

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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