Analysts Set United Rentals, Inc. (NYSE:URI) Target Price at $1,246.19

United Rentals, Inc. (NYSE:URI) has received an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $1,246.1875.

Several research analysts have recently issued reports on the company. Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. KeyCorp restated an “overweight” rating and set a $1,350.00 target price on shares of United Rentals in a report on Friday, July 24th. Wall Street Zen upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, BNP Paribas Exane raised shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target on the stock in a report on Monday, June 29th.

United Rentals Stock Performance

NYSE URI opened at $1,155.25 on Thursday. United Rentals has a 1-year low of $701.59 and a 1-year high of $1,179.18. The company has a market capitalization of $71.90 billion, a P/E ratio of 27.74, a PEG ratio of 1.49 and a beta of 1.80. The business has a 50 day moving average price of $1,095.03 and a 200 day moving average price of $940.41. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

United Rentals (NYSE:URI) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.United Rentals’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $10.47 earnings per share. Sell-side analysts expect that United Rentals will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s payout ratio is currently 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Institutional Trading of United Rentals

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Core Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter worth about $28,000. MV Capital Management Inc. purchased a new position in United Rentals in the 4th quarter valued at about $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in United Rentals in the 2nd quarter valued at about $29,000. MidFirst Bank acquired a new stake in shares of United Rentals during the 2nd quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals during the 4th quarter worth about $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.