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

United Rentals (NYSE:URI) had its price objective lifted by analysts at Truist Financial from $954.00 to $955.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective indicates a potential upside of 15.68% from the company’s previous close.

URI has been the topic of a number of other reports. Robert W. Baird upped their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Citigroup boosted their price target on shares of United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James began 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. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, United Rentals presently has an average rating of “Hold” and an average target price of $728.93.

United Rentals Trading Up 0.1 %

United Rentals stock traded up $0.59 during mid-day trading on Friday, reaching $825.58. 41,906 shares of the company traded hands, compared to its average volume of 541,401. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The firm’s 50 day moving average price is $770.73 and its 200 day moving average price is $707.41. The firm has a market capitalization of $54.60 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals has a 52-week low of $387.01 and a 52-week high of $861.74.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during 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 prior year, the company earned $11.73 earnings per share. On average, analysts anticipate 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 company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Traynor Capital Management Inc. raised its stake in United Rentals by 21.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 9,760 shares of the construction company’s stock valued at $7,903,000 after purchasing an additional 1,736 shares during the last quarter. abrdn plc raised its position in shares of United Rentals by 1.3% during the 3rd quarter. abrdn plc now owns 31,348 shares of the construction company’s stock worth $25,187,000 after acquiring an additional 389 shares in the last quarter. SFE Investment Counsel raised its position in shares of United Rentals by 4.7% during the 3rd quarter. SFE Investment Counsel now owns 7,105 shares of the construction company’s stock worth $5,753,000 after acquiring an additional 316 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in shares of United Rentals during the 3rd quarter worth about $222,000. Finally, Old Port Advisors acquired a new stake in shares of United Rentals during the 3rd quarter worth about $239,000. Hedge funds and other 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.