United Rentals (NYSE:URI) has been assigned a $99.00 target price by investment analysts at Macquarie in a report issued on Thursday, MarketBeat reports. The brokerage currently has a “sell” rating on the construction company’s stock. Macquarie’s price objective points to a potential downside of 15.47% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. ValuEngine cut United Rentals from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Bank of America set a $175.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Thursday. UBS Group set a $180.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Thursday. Finally, Deutsche Bank set a $158.00 price objective on United Rentals and gave the company a “hold” rating in a research report on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $175.83.
United Rentals stock opened at $117.12 on Thursday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68. United Rentals has a one year low of $116.88 and a one year high of $190.74. The firm has a market cap of $11.51 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.49 and a beta of 2.46.
In other United Rentals news, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total value of $838,900.00. Following the transaction, the director now directly owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
A number of large investors have recently made changes to their positions in URI. GSA Capital Partners LLP purchased a new position in United Rentals in the first quarter worth about $505,000. Commonwealth Equity Services LLC boosted its position in United Rentals by 29.3% in the first quarter. Commonwealth Equity Services LLC now owns 9,144 shares of the construction company’s stock worth $1,579,000 after purchasing an additional 2,073 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in United Rentals in the first quarter worth about $1,157,000. Verition Fund Management LLC purchased a new position in United Rentals in the first quarter worth about $624,000. Finally, Highbridge Capital Management LLC purchased a new position in United Rentals in the first quarter worth about $412,000. 86.82% of the stock is currently owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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