United Rentals, Inc. (URI) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reiterated their hold rating on shares of United Rentals, Inc. (NYSE:URI) in a research note released on Wednesday, May 24th.

URI has been the subject of a number of other research reports. Zacks Investment Research cut shares of United Rentals from a buy rating to a hold rating in a research report on Thursday, February 2nd. Deutsche Bank AG initiated coverage on United Rentals in a report on Wednesday, April 5th. They set a hold rating and a $125.00 target price for the company. Bank of America Corporation upgraded United Rentals from a neutral rating to a buy rating in a report on Friday, April 28th. Vetr upgraded United Rentals from a buy rating to a strong-buy rating and set a $125.52 target price for the company in a report on Monday, April 24th. Finally, Axiom Securities reiterated a sell rating on shares of United Rentals in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $120.16.

Shares of United Rentals (URI) traded up 1.65% on Wednesday, hitting $105.20. The stock had a trading volume of 1,882,246 shares. United Rentals has a one year low of $61.78 and a one year high of $134.28. The company has a market capitalization of $8.89 billion, a P/E ratio of 15.59 and a beta of 2.35. The firm has a 50 day moving average price of $109.34 and a 200 day moving average price of $115.59.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 19th. The construction company reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 10.04% and a return on equity of 47.90%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that United Rentals will post $9.66 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. increased its stake in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in United Rentals during the first quarter worth $127,000. Contravisory Investment Management Inc. increased its stake in United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares during the last quarter. Bessemer Group Inc. increased its stake in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the construction company’s stock worth $138,000 after buying an additional 800 shares during the last quarter. Finally, Dubuque Bank & Trust Co. increased its stake in United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock worth $195,000 after buying an additional 1,004 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

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.

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