United Rentals, Inc. (NYSE:URI) Stock Has Consensus Price Target of $1,243.62 According to Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $1,243.62.

A number of research analysts recently weighed in on the stock. Bank of America raised their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $1,170.00 price target (down from $1,235.00) on shares of United Rentals in a research note on Thursday, September 10th. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a research note on Monday, June 29th. UBS Group set a $1,170.00 target price on shares of United Rentals in a report on Thursday, September 10th. Finally, Zacks Research downgraded shares of United Rentals from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st.

Insider Activity at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of United Rentals in the second quarter valued at approximately $5,816,326,000. Bank of America Corp DE acquired a new position in United Rentals in the 2nd quarter valued at $944,196,000. The Manufacturers Life Insurance Company bought a new stake in shares of United Rentals during the 2nd quarter valued at $716,129,000. Bank of New York Mellon Corp bought a new stake in shares of United Rentals during the 2nd quarter valued at $412,860,000. Finally, Legal & General Group Plc acquired a new stake in shares of United Rentals during the 2nd quarter worth $411,896,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.2%

NYSE URI opened at $1,079.39 on Friday. The stock has a market capitalization of $67.18 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.59 and a beta of 1.83. The stock’s 50 day moving average price is $1,062.60 and its two-hundred day moving average price is $988.95. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals has a 52 week low of $701.59 and a 52 week high of $1,179.18.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $10.47 EPS. As a group, analysts anticipate that United Rentals will post 48.7 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals’s payout ratio is 18.92%.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company headquartered in Stamford, Connecticut. The company provides construction, industrial, commercial, and homeowner customers with access to equipment without requiring them to purchase and maintain their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trench safety products, power-generation and climate-control equipment, pumps, tools, and general construction equipment. United Rentals also provides specialty services such as mobile storage, fluid solutions, power and HVAC support, and project-based equipment management.

Founded in 1997, United Rentals has grown through organic expansion and acquisitions into a large equipment-rental network serving customers primarily in the United States and Canada, with additional operations in Europe and Australia.