United Rentals, Inc. (URI) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG restated their hold rating on shares of United Rentals, Inc. (NYSE:URI) in a report published on Sunday. They currently have a $120.00 price target on the construction company’s stock, down from their previous price target of $131.00.
A number of other research firms also recently commented on URI. Argus downgraded shares of United Rentals from a buy rating to a hold rating in a report on Thursday, February 2nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of United Rentals from a buy rating to a hold rating in a report on Thursday, February 2nd. Axiom Securities reaffirmed a sell rating on shares of United Rentals in a report on Tuesday, January 31st. Jefferies Group LLC lifted their price objective on shares of United Rentals from $130.00 to $150.00 and gave the stock a buy rating in a report on Monday, January 30th. Finally, Stifel Nicolaus lifted their price objective on shares of United Rentals from $112.00 to $130.00 and gave the stock a hold rating in a report on Friday, January 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $119.23.
United Rentals (NYSE:URI) traded down 1.57% on Friday, reaching $111.46. 3,743,439 shares of the company’s stock traded hands. The firm has a market capitalization of $9.40 billion, a P/E ratio of 17.28 and a beta of 2.49. The stock has a 50-day moving average of $122.71 and a 200 day moving average of $107.90. United Rentals has a 52 week low of $58.83 and a 52 week high of $134.28.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.12. The business earned $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. On average, equities analysts expect that United Rentals will post $9.44 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was first published by Marea Informative and is the property of of Marea Informative. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at http://www.mareainformativa.com/united-rentals-inc-uri-stock-rating-reaffirmed-by-deutsche-bank-ag/111839/.
In other United Rentals news, VP Dale A. Asplund sold 6,654 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $124.30, for a total value of $827,092.20. Following the sale, the vice president now directly owns 21,769 shares in the company, valued at $2,705,886.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Mcauley sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $127.46, for a total transaction of $382,380.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,822 shares of company stock worth $8,285,451. 1.30% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of United Rentals during the first quarter valued at approximately $127,000. Contravisory Investment Management Inc. boosted its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the construction company’s stock worth $138,000 after buying an additional 800 shares in the last quarter. Pennsylvania Trust Co bought a new position in shares of United Rentals during the first quarter worth $200,000. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of United Rentals during the fourth quarter worth $212,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
Receive News & Stock Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related stocks with our FREE daily email newsletter.