United Rentals (NYSE:URI) PT Raised to $910.00

United Rentals (NYSE:URI) had its price objective increased by stock analysts at Bank of America from $800.00 to $910.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Bank of America‘s target price would indicate a potential upside of 9.23% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Evercore ISI upped their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Truist Financial raised their target price on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird upped their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average price target of $728.86.

United Rentals Trading Down 1.7 %

Shares of United Rentals stock opened at $833.10 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $768.65 and its 200-day simple moving average is $706.59. The stock has a market cap of $55.10 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals has a 1-year low of $387.01 and a 1-year high of $861.74.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the business earned $9.88 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts predict that United Rentals will post 44.38 EPS for the current fiscal year.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Rentals

Several hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in United Rentals by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,922 shares of the construction company’s stock worth $5,713,000 after buying an additional 423 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of United Rentals in the 1st quarter valued at $3,606,000. Capital Asset Advisory Services LLC purchased a new stake in United Rentals in the 1st quarter valued at $209,000. Register Financial Advisors LLC acquired a new stake in United Rentals during the 1st quarter worth $43,000. Finally, New England Research & Management Inc. boosted its stake in United Rentals by 0.4% during the 1st quarter. New England Research & Management Inc. now owns 6,785 shares of the construction company’s stock worth $4,893,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 96.26% 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 Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.