United Rentals (URI) Rating Reiterated by Jefferies Group

United Rentals (NYSE:URI)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued on Tuesday, The Fly reports. They presently have a $210.00 price objective on the construction company’s stock. Jefferies Group’s price objective suggests a potential upside of 16.09% from the company’s current price.

URI has been the subject of a number of other reports. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, September 20th. Stifel Nicolaus upped their price target on United Rentals from $133.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Citigroup upped their price target on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Bank of America set a $165.00 price target on United Rentals and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $194.00 price target on shares of United Rentals in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $162.89.

Shares of United Rentals (NYSE URI) opened at $180.89 on Tuesday. United Rentals has a 1-year low of $100.62 and a 1-year high of $182.86. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $15,298.70, a P/E ratio of 25.62, a P/E/G ratio of 0.76 and a beta of 2.67.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company earned $2.58 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. analysts predict that United Rentals will post 10.53 earnings per share for the current year.

United Rentals declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

In related news, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $143.24, for a total value of $473,837.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 25,421 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $162.76, for a total value of $4,137,521.96. Following the completion of the transaction, the insider now owns 245,286 shares of the company’s stock, valued at $39,922,749.36. The disclosure for this sale can be found here. Insiders sold 91,760 shares of company stock valued at $13,873,111 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of URI. Fieldpoint Private Securities LLC acquired a new position in shares of United Rentals in the third quarter valued at $119,000. Americafirst Capital Management LLC bought a new stake in United Rentals in the second quarter valued at $151,000. First Manhattan Co. grew its position in United Rentals by 42.9% in the third quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock valued at $196,000 after acquiring an additional 425 shares during the period. Trexquant Investment LP bought a new stake in United Rentals in the third quarter valued at $202,000. Finally, Harbor Advisors LLC bought a new stake in United Rentals in the third quarter valued at $208,000. Institutional investors and hedge funds own 91.48% of the company’s stock.

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About United Rentals

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.

The Fly

Analyst Recommendations for United Rentals (NYSE:URI)

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