United Rentals (NYSE:URI) PT Raised to $955.00 at Citigroup

United Rentals (NYSE:URI) had its price target raised by equities researchers at Citigroup from $930.00 to $955.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s price target would suggest a potential upside of 17.54% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial lifted their price target on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group lifted their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average price target of $742.50.

United Rentals Price Performance

URI opened at $812.50 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals has a 52-week low of $387.01 and a 52-week high of $861.74. The stock has a market capitalization of $54.10 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The stock’s 50 day moving average price is $772.68 and its 200-day moving average price is $708.24.

United Rentals (NYSE:URI) last released 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). United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $11.73 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that United Rentals will post 44.38 EPS for the current year.

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of URI. Wealth Enhancement Advisory Services LLC lifted its holdings in United Rentals by 5.6% in 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 acquiring an additional 423 shares during the period. Capital Asset Advisory Services LLC bought a new position in United Rentals in the first quarter valued at about $209,000. Register Financial Advisors LLC bought a new position in United Rentals in the first quarter valued at about $43,000. Hennion & Walsh Asset Management Inc. lifted its holdings in United Rentals by 38.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,079 shares of the construction company’s stock valued at $2,941,000 after acquiring an additional 1,139 shares during the period. Finally, First Bank & Trust raised its stake in shares of United Rentals by 7.9% in the first quarter. First Bank & Trust now owns 739 shares of the construction company’s stock worth $533,000 after buying an additional 54 shares during the period. Institutional investors 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.