United Rentals (NYSE:URI) Price Target Increased to $955.00 by Analysts at Citigroup

United Rentals (NYSE:URI) had its price objective upped by Citigroup from $930.00 to $955.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s target price would indicate a potential upside of 17.74% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Evercore ISI raised their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group increased their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird lifted their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Raymond James assumed coverage on shares of United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Finally, Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average target price of $742.50.

United Rentals Price Performance

Shares of NYSE:URI traded down $13.86 during trading on Friday, hitting $811.13. 259,039 shares of the stock were exchanged, compared to its average volume of 542,449. The company has a market cap of $53.65 billion, a PE 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. The company has a fifty day moving average price of $770.73 and a two-hundred day moving average price of $707.41. United Rentals has a 12-month low of $387.01 and a 12-month high of $861.74.

United Rentals (NYSE:URI) last posted its 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 firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $11.73 EPS. On average, analysts forecast that United Rentals will post 44.38 EPS for the current year.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Great Diamond Partners LLC acquired a new position in United Rentals in the third quarter worth $218,000. WD Rutherford LLC grew its stake in United Rentals by 7.4% during the 3rd quarter. WD Rutherford LLC now owns 3,574 shares of the construction company’s stock worth $2,894,000 after buying an additional 245 shares during the last quarter. Hedeker Wealth LLC boosted its holdings in shares of United Rentals by 3.3% during the third quarter. Hedeker Wealth LLC now owns 9,765 shares of the construction company’s stock valued at $7,907,000 after acquiring an additional 313 shares during the period. Strategic Blueprint LLC acquired a new stake in shares of United Rentals in the 3rd quarter worth about $240,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in United Rentals during the 3rd quarter valued at about $243,000. Institutional investors own 96.26% of the company’s stock.

About United Rentals

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.