United Rentals’ (URI) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

United Rentals (NYSE:URI)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, Benzinga reports. They currently have a $1,170.00 price target on the construction company’s stock, down from their prior price target of $1,235.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.35% from the stock’s current price.

Several other research analysts have also commented on URI. Morgan Stanley set a $1,335.00 price target on shares of United Rentals and gave the company an “overweight” rating in a report on Friday, July 24th. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a report on Monday, June 29th. Wells Fargo & Company increased their price target on United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Truist Financial boosted their price objective on United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,230.88.

United Rentals Price Performance

Shares of NYSE URI opened at $1,032.23 on Thursday. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,179.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $64.25 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 1.49 and a beta of 1.79. The business has a 50 day simple moving average of $1,081.18 and a 200-day simple moving average of $965.34.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $10.47 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts expect that United Rentals will post 48.59 earnings per share for the current year.

Insider Activity

In other news, EVP William 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 value of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently bought and sold shares of the stock. Core Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter valued at about $28,000. MV Capital Management Inc. bought a new stake in shares of United Rentals during the 4th quarter worth about $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of United Rentals in the 2nd quarter worth approximately $29,000. MidFirst Bank acquired a new stake in shares of United Rentals in the 2nd quarter worth approximately $31,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.