United Rentals (NYSE:URI) Hits New 52-Week High After Analyst Upgrade

Shares of United Rentals, Inc. (NYSE:URI) hit a new 52-week high during mid-day trading on Monday after Goldman Sachs Group raised their price target on the stock from $165.00 to $180.00. Goldman Sachs Group currently has a buy rating on the stock. United Rentals traded as high as $155.94 and last traded at $154.81, with a volume of 101069 shares traded. The stock had previously closed at $155.32.

A number of other equities analysts also recently issued reports on URI. UBS Group downgraded United Rentals from a “buy” rating to a “neutral” rating and cut their target price for the stock from $166.00 to $118.00 in a research note on Tuesday, October 8th. Royal Bank of Canada set a $150.00 price objective on United Rentals and gave the company a “buy” rating in a research note on Friday, October 18th. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th. Deutsche Bank set a $128.00 price objective on United Rentals and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, Macquarie set a $99.00 price objective on United Rentals and gave the company a “sell” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $141.90.

In other United Rentals news, Director Jason D. Papastavrou sold 3,036 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $150.05, for a total transaction of $455,551.80. Following the sale, the director now owns 181,973 shares in the company, valued at approximately $27,305,048.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey J. Fenton sold 2,735 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $132.53, for a total value of $362,469.55. Following the sale, the senior vice president now owns 33,819 shares in the company, valued at approximately $4,482,032.07. The disclosure for this sale can be found here. Insiders sold a total of 28,770 shares of company stock valued at $4,292,710 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. First Interstate Bank acquired a new stake in United Rentals during the 2nd quarter valued at $26,000. Citizens Financial Group Inc RI grew its holdings in United Rentals by 74.8% during the 3rd quarter. Citizens Financial Group Inc RI now owns 208 shares of the construction company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in United Rentals during the 2nd quarter valued at $27,000. North Star Investment Management Corp. acquired a new stake in United Rentals during the 3rd quarter valued at $31,000. Finally, Kistler Tiffany Companies LLC grew its holdings in United Rentals by 576.9% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.

The business has a fifty day simple moving average of $129.53 and a 200 day simple moving average of $125.13. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 9.62, 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.

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

United Rentals Company Profile (NYSE:URI)

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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