United Rentals, Inc. (NYSE:URI) Raised to Outperform at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of United Rentals, Inc. (NYSE:URI) from a sector perform rating to an outperform rating in a research report report published on Monday, Marketbeat.com reports. The brokerage currently has $138.00 price objective on the construction company’s stock, up from their previous price objective of $128.00.

Several other equities research analysts have also recently issued reports on the stock. Axiom Securities reiterated a sell rating on shares of United Rentals in a research report on Thursday, July 13th. Zacks Investment Research cut shares of United Rentals from a hold rating to a sell rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of United Rentals from a hold rating to a buy rating in a research report on Saturday, July 1st. Jefferies Group LLC restated a buy rating and issued a $150.00 price target on shares of United Rentals in a research report on Friday, June 9th. Finally, ValuEngine upgraded shares of United Rentals from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $120.68.

Shares of United Rentals (NYSE URI) opened at 118.70 on Monday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 17.60 and a beta of 2.42. United Rentals has a 12-month low of $70.58 and a 12-month high of $134.28. The company’s 50-day moving average is $109.77 and its 200-day moving average is $116.47.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 10.04% and a return on equity of 47.90%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts predict that United Rentals will post $9.61 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. State Treasurer State of Michigan raised its stake in United Rentals by 0.4% in the second quarter. State Treasurer State of Michigan now owns 27,800 shares of the construction company’s stock worth $3,133,000 after buying an additional 100 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in United Rentals during the second quarter worth $1,050,000. Assenagon Asset Management S.A. acquired a new stake in United Rentals during the second quarter worth $538,000. Aperio Group LLC raised its stake in United Rentals by 3.2% in the second quarter. Aperio Group LLC now owns 30,774 shares of the construction company’s stock worth $3,469,000 after buying an additional 961 shares during the period. Finally, Visionary Asset Management Inc. acquired a new stake in United Rentals during the second quarter worth $203,000. 93.89% of the stock is owned by institutional investors.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Analyst Recommendations for United Rentals (NYSE:URI)

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