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.
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.
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