United Rentals, Inc. (NYSE:URI) Receives $954.83 Consensus PT from Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have received a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $954.8333.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research report on Friday, October 24th. Citigroup dropped their target price on shares of United Rentals from $1,140.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. UBS Group restated a “neutral” rating and set a $1,025.00 price target on shares of United Rentals in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Finally, Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st.

Institutional Trading of United Rentals

Institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC boosted its position in United Rentals by 650.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after buying an additional 26 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals during the third quarter valued at about $29,000. Cedar Mountain Advisors LLC purchased a new stake in shares of United Rentals during the third quarter worth about $32,000. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals in the second quarter worth about $28,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in United Rentals during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 4.4%

URI opened at $844.91 on Wednesday. The company has a market cap of $53.76 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69. The company has a 50 day moving average of $824.30 and a 200 day moving average of $867.10. United Rentals has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that United Rentals will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is currently 18.42%.

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.