United Rentals, Inc. (NYSE:URI) PT Raised to $170.00

United Rentals, Inc. (NYSE:URI) had its target price increased by equities research analysts at Citigroup Inc. from $165.00 to $170.00 in a research note issued to investors on Friday, October 20th. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup Inc.’s target price would suggest a potential upside of 14.29% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Axiom Securities restated a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Stifel Nicolaus restated a “hold” rating on shares of United Rentals in a research report on Friday, July 21st. Bank of America Corporation restated a “buy” rating and issued a $145.00 price objective (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. BidaskClub raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of United Rentals in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $144.97.

Shares of United Rentals (NYSE URI) traded up $1.19 on Friday, hitting $148.74. 917,616 shares of the stock traded hands, compared to its average volume of 1,370,000. United Rentals has a twelve month low of $74.43 and a twelve month high of $149.45. The firm has a market capitalization of $12,580.00, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.90 and a beta of 2.65. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.27. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.58 earnings per share. sell-side analysts forecast that United Rentals will post 10.49 earnings per share for the current fiscal year.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, October 18th that allows the company to buyback $373.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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In other United Rentals news, Director Filippo Passerini sold 3,308 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Matthew John Flannery sold 22,324 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the completion of the transaction, the chief operating officer now owns 31,243 shares in the company, valued at approximately $4,606,467.92. The disclosure for this sale can be found here. Insiders have sold a total of 65,433 shares of company stock worth $9,434,570 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. Dumont & Blake Investment Advisors LLC grew its position in shares of United Rentals by 0.3% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $604,000 after buying an additional 15 shares during the last quarter. Profund Advisors LLC grew its position in shares of United Rentals by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock valued at $254,000 after buying an additional 24 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of United Rentals by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock valued at $708,000 after buying an additional 25 shares during the last quarter. Bank of Hawaii grew its position in shares of United Rentals by 0.3% during the 2nd quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock valued at $1,277,000 after buying an additional 30 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in shares of United Rentals by 0.7% during the 2nd quarter. Alps Advisors Inc. now owns 9,511 shares of the construction company’s stock valued at $1,072,000 after buying an additional 62 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Analyst Recommendations for United Rentals (NYSE:URI)

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