United Rentals, Inc. (NYSE:URI) Receives $1,140.00 Consensus Target Price from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and fifteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $1,226.50.

URI has been the topic of several recent research reports. Bank of America lifted their price target on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday. Evercore reaffirmed an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price on the stock in a research report on Monday, June 29th. Royal Bank Of Canada upped their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, UBS Group reaffirmed a “buy” rating and set a $1,350.00 price target on shares of United Rentals in a research note on Thursday.

More United Rentals News

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

Insiders Place Their Bets

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by company insiders.

Institutional Trading of United Rentals

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cardinal Capital Management Inc. boosted its position in United Rentals by 11.6% during the second quarter. Cardinal Capital Management Inc. now owns 49,644 shares of the construction company’s stock valued at $56,241,000 after purchasing an additional 5,142 shares during the last quarter. Diversified Management Inc. acquired a new position in shares of United Rentals during the 2nd quarter worth approximately $294,000. Generali Investments Management Co LLC raised its stake in shares of United Rentals by 70.3% during the 2nd quarter. Generali Investments Management Co LLC now owns 264 shares of the construction company’s stock worth $299,000 after purchasing an additional 109 shares in the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of United Rentals by 7.2% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 3,038 shares of the construction company’s stock worth $3,442,000 after purchasing an additional 205 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of United Rentals in the 2nd quarter valued at approximately $2,171,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.0%

Shares of URI stock opened at $1,140.19 on Friday. The firm has a fifty day moving average of $1,052.87 and a 200-day moving average of $919.10. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals has a 12-month low of $701.59 and a 12-month high of $1,177.67. The company has a market capitalization of $70.97 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.82 and a beta of 1.79.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $10.47 earnings per share. As a group, equities research analysts predict that United Rentals will post 47.32 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a dividend of $1.97 per share. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is presently 18.92%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.