United Rentals (NYSE:URI) Price Target Raised to $1,270.00

United Rentals (NYSE:URI) had its price target lifted by equities researchers at Citigroup from $1,210.00 to $1,270.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Citigroup’s price target would indicate a potential upside of 18.99% from the company’s previous close.

A number of other research analysts have also commented on the stock. Bank of America upped their price target on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Robert W. Baird raised their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Evercore restated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. KeyCorp upped their target price on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, UBS Group increased their target price on United Rentals from $1,145.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,131.56.

United Rentals Stock Performance

URI stock traded down $18.07 during midday trading on Tuesday, reaching $1,067.27. 57,953 shares of the company were exchanged, compared to its average volume of 597,735. United Rentals has a one year low of $701.59 and a one year high of $1,143.69. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.75 and a beta of 1.79. The business has a 50-day moving average price of $1,032.24 and a two-hundred day moving average price of $904.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $8.86 earnings per share. Equities research analysts forecast that United Rentals will post 46.7 EPS for the current year.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 306 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Rentals

Large investors have recently modified their holdings of the business. Aventura Private Wealth LLC bought a new stake in shares of United Rentals during the 4th quarter worth $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the fourth quarter worth about $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals in the fourth quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of United Rentals in the 3rd quarter valued at approximately $35,000. Finally, Board of the Pension Protection Fund acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.