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

United Rentals (NYSE:URI) had its target price increased by research analysts at Barclays from $400.00 to $565.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. Barclays‘s price objective suggests a potential downside of 30.46% from the company’s current price.

Several other analysts have also recently commented on URI. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective 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. Truist Financial raised their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James assumed coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $742.50.

United Rentals Trading Down 1.5 %

Shares of United Rentals stock opened at $812.50 on Friday. United Rentals has a 1 year low of $387.01 and a 1 year high of $861.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $54.10 billion, a P/E ratio of 22.01, a PEG ratio of 1.96 and a beta of 1.68. The company’s fifty day moving average is $772.68 and its two-hundred day moving average is $708.24.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $11.73 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Analysts forecast that United Rentals will post 44.38 earnings per share for the current year.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Rentals

A number of hedge funds and other institutional investors have recently modified their holdings of URI. International Assets Investment Management LLC grew its holdings in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. Capital International Investors purchased a new stake in shares of United Rentals during the first quarter worth about $332,349,000. AMF Tjanstepension AB grew its holdings in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares during the period. Marshall Wace LLP grew its holdings in United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after purchasing an additional 108,360 shares during the period. Finally, AGF Management Ltd. grew its holdings in United Rentals by 4,778.7% in the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after purchasing an additional 101,547 shares during the period. 96.26% of the stock is currently 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.