United Rentals (NYSE:URI) PT Raised to $565.00

United Rentals (NYSE:URI) had its target price lifted by equities researchers at Barclays from $400.00 to $565.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential downside of 30.34% from the stock’s current price.

Several other research firms have also commented on URI. Truist Financial lifted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird lifted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Citigroup lifted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James started coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average price target of $742.50.

United Rentals Price Performance

URI traded down $13.86 during trading hours on Friday, hitting $811.13. The company’s stock had a trading volume of 259,039 shares, compared to its average volume of 542,449. The business’s 50-day moving average price is $770.73 and its 200-day moving average price is $707.41. United Rentals has a 12 month low of $387.01 and a 12 month high of $861.74. The stock has a market cap of $53.65 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.96 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.73 earnings per share. Sell-side analysts expect that United Rentals will post 44.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

Institutional Trading of United Rentals

Several hedge funds have recently modified their holdings of URI. Wealth Enhancement Advisory Services LLC lifted its position in shares of United Rentals by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,922 shares of the construction company’s stock valued at $5,713,000 after buying an additional 423 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new stake in shares of United Rentals during the first quarter valued at about $209,000. Register Financial Advisors LLC purchased a new position in shares of United Rentals in the 1st quarter valued at approximately $43,000. Hennion & Walsh Asset Management Inc. raised its position in shares of United Rentals by 38.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,079 shares of the construction company’s stock valued at $2,941,000 after purchasing an additional 1,139 shares during the last quarter. Finally, First Bank & Trust raised its position in shares of United Rentals by 7.9% in the 1st quarter. First Bank & Trust now owns 739 shares of the construction company’s stock valued at $533,000 after purchasing an additional 54 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Company Profile

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.