Goldman Sachs Group Increases United Rentals (NYSE:URI) Price Target to $180.00

United Rentals (NYSE:URI) had its price target raised by investment analysts at Goldman Sachs Group from $165.00 to $180.00 in a report released on Friday, Briefing.com Automated Import reports. The firm presently has a “buy” rating on the construction company’s stock. Goldman Sachs Group’s price objective points to a potential upside of 15.89% from the company’s current price.

URI has been the subject of a number of other reports. Zacks Investment Research upgraded United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price target for the company in a research note on Friday, October 11th. Royal Bank of Canada set a $150.00 price objective on United Rentals and gave the company a “buy” rating in a report on Friday, October 18th. Citigroup restated a “buy” rating and issued a $160.00 price objective on shares of United Rentals in a report on Wednesday, September 11th. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Finally, Macquarie set a $99.00 price objective on United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $137.67.

Shares of URI traded up $5.15 during trading hours on Friday, reaching $155.32. The stock had a trading volume of 1,619,889 shares, compared to its average volume of 1,482,789. United Rentals has a 12 month low of $94.28 and a 12 month high of $155.74. The stock has a market capitalization of $11.05 billion, a PE ratio of 9.55, a PEG ratio of 0.64 and a beta of 2.68. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 0.71. The company’s 50-day moving average is $128.39 and its two-hundred day moving average is $124.93.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, beating the Zacks’ consensus estimate of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company earned $4.74 EPS. United Rentals’s revenue was up 17.6% compared to the same quarter last year. Equities analysts anticipate that United Rentals will post 19.28 earnings per share for the current fiscal year.

In other United Rentals news, SVP Jeffrey J. Fenton sold 2,735 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $132.53, for a total transaction of $362,469.55. Following the completion of the sale, the senior vice president now directly owns 33,819 shares in the company, valued at approximately $4,482,032.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Kneeland sold 22,999 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $151.08, for a total value of $3,474,688.92. Following the sale, the director now owns 181,973 shares of the company’s stock, valued at $27,492,480.84. The disclosure for this sale can be found here. Insiders sold 28,770 shares of company stock valued at $4,292,710 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of URI. Private Trust Co. NA acquired a new stake in United Rentals during the 2nd quarter worth about $234,000. Fulton Bank N.A. grew its stake in shares of United Rentals by 9.9% in the 2nd quarter. Fulton Bank N.A. now owns 16,724 shares of the construction company’s stock valued at $2,218,000 after buying an additional 1,507 shares during the period. DNB Asset Management AS grew its stake in shares of United Rentals by 2.8% in the 2nd quarter. DNB Asset Management AS now owns 26,840 shares of the construction company’s stock valued at $3,560,000 after buying an additional 740 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of United Rentals in the 2nd quarter valued at about $11,205,000. Finally, Douglas Lane & Associates LLC grew its stake in shares of United Rentals by 11.7% in the 2nd quarter. Douglas Lane & Associates LLC now owns 26,798 shares of the construction company’s stock valued at $3,554,000 after buying an additional 2,804 shares during the period. Hedge funds and other institutional investors own 89.57% of the company’s stock.

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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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