United Rentals (NYSE:URI) Stock Price Expected to Rise, Argus Analyst Says

United Rentals (NYSE:URI) had its price target boosted by research analysts at Argus from $840.00 to $880.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Argus’ price target would suggest a potential upside of 6.82% from the company’s previous close.

A number of other analysts also recently weighed in on URI. Evercore ISI boosted their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Citigroup boosted their price target on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird increased their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, United Rentals currently has an average rating of “Hold” and an average target price of $751.67.

United Rentals Price Performance

URI traded up $2.68 during midday trading on Wednesday, reaching $823.84. 143,313 shares of the company’s stock were exchanged, compared to its average volume of 545,340. United Rentals has a one year low of $454.71 and a one year high of $896.98. The business has a 50-day simple moving average of $812.18 and a two-hundred day simple moving average of $729.02. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $54.06 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $11.73 earnings per share. As a group, research analysts predict that United Rentals will post 43.55 EPS for the current year.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently modified their holdings of the stock. Unigestion Holding SA bought a new position in shares of United Rentals in the 3rd quarter valued at about $566,000. Rehmann Capital Advisory Group increased its holdings in United Rentals by 21.4% during the third quarter. Rehmann Capital Advisory Group now owns 419 shares of the construction company’s stock worth $340,000 after buying an additional 74 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in United Rentals by 29.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,733 shares of the construction company’s stock worth $1,403,000 after purchasing an additional 391 shares in the last quarter. Toronto Dominion Bank raised its position in United Rentals by 14.9% during the third quarter. Toronto Dominion Bank now owns 22,324 shares of the construction company’s stock valued at $18,076,000 after purchasing an additional 2,890 shares in the last quarter. Finally, Brown Financial Advisors grew its holdings in shares of United Rentals by 5.1% in the third quarter. Brown Financial Advisors now owns 1,757 shares of the construction company’s stock worth $1,422,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.