United Rentals (NYSE:URI) had its price objective decreased by Royal Bank of Canada to $188.00 in a research report report published on Friday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the construction company’s stock.

URI has been the topic of a number of other reports. Bank of America set a $175.00 target price on shares of United Rentals and gave the stock a buy rating in a research note on Thursday. Zacks Investment Research upgraded shares of United Rentals from a hold rating to a buy rating and set a $163.00 price target for the company in a report on Tuesday, July 31st. Citigroup cut their price target on shares of United Rentals from $200.00 to $150.00 and set a buy rating for the company in a report on Friday. Deutsche Bank set a $158.00 price target on shares of United Rentals and gave the stock a hold rating in a report on Wednesday, September 5th. Finally, Buckingham Research set a $190.00 price target on shares of United Rentals and gave the stock a buy rating in a report on Tuesday, September 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $173.67.

URI opened at $117.12 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.63 and a current ratio of 0.81. United Rentals has a 1-year low of $116.88 and a 1-year high of $190.74. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.41 and a beta of 2.46.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $3.25 EPS. The business’s revenue was up 19.8% on a year-over-year basis. Sell-side analysts forecast that United Rentals will post 16.21 EPS for the current fiscal year.

In other news, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 owns 12,564 shares in the company, valued at approximately $2,107,987.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in URI. Bank of Montreal Can acquired a new stake in United Rentals in the 2nd quarter valued at approximately $111,154,000. Janus Henderson Group PLC increased its holdings in United Rentals by 131.1% in the 2nd quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock valued at $146,992,000 after purchasing an additional 564,954 shares during the last quarter. J. L. Bainbridge & Co. Inc. acquired a new stake in United Rentals in the 2nd quarter valued at approximately $55,798,000. Public Employees Retirement Association of Colorado increased its holdings in United Rentals by 2,369.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 384,866 shares of the construction company’s stock valued at $56,814,000 after purchasing an additional 369,280 shares during the last quarter. Finally, Columbus Hill Capital Management L.P. acquired a new stake in United Rentals in the 2nd quarter valued at approximately $53,143,000. Institutional investors and hedge funds 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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