United Rentals Inc. (URI) PT Raised to $115.00 at Jefferies Group
United Rentals Inc. (NYSE:URI) had its price target raised by research analysts at Jefferies Group from $92.00 to $115.00 in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 13.74% from the stock’s previous close.
A number of other research analysts have also weighed in on URI. Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Saturday, November 26th. Deutsche Bank AG initiated coverage on shares of United Rentals in a report on Tuesday, September 6th. They issued a “hold” rating and a $79.00 target price for the company. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Barclays PLC raised their price target on United Rentals from $81.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 12th. Finally, Argus initiated coverage on United Rentals in a research report on Tuesday, October 4th. They issued a “buy” rating and a $90.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Rentals has an average rating of “Hold” and a consensus price target of $81.48.
Shares of United Rentals (NYSE:URI) opened at 101.11 on Tuesday. The stock has a 50 day moving average of $83.64 and a 200-day moving average of $76.61. The stock has a market capitalization of $8.52 billion, a P/E ratio of 15.60 and a beta of 2.41. United Rentals has a 52-week low of $41.90 and a 52-week high of $101.87.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.14. United Rentals had a net margin of 10.10% and a return on equity of 48.98%. The firm earned $1.51 billion during the quarter, compared to analyst estimates of $841 million. During the same period last year, the firm posted $2.57 earnings per share. United Rentals’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that United Rentals will post $8.29 EPS for the current fiscal year.
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In other United Rentals news, insider William B. Plummer sold 24,788 shares of United Rentals stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $86.24, for a total value of $2,137,717.12. Following the transaction, the insider now owns 36,482 shares in the company, valued at $3,146,207.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence Keith Wimbush sold 800 shares of United Rentals stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $76.35, for a total value of $61,080.00. Following the completion of the transaction, the director now owns 5,820 shares in the company, valued at approximately $444,357. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock valued at $103,000 after buying an additional 730 shares during the period. Assetmark Inc. raised its position in United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock valued at $105,000 after buying an additional 272 shares during the period. WFG Advisors LP raised its position in United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock valued at $116,000 after buying an additional 77 shares during the period. Finally, Feltz Wealth PLAN Inc. bought a new position in United Rentals during the second quarter valued at about $123,000. Institutional investors own 92.61% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes 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, general tools and light equipment, such as pressure washers, water pumps and power tools.
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