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.
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