United Rentals (NYSE:URI) PT Raised to $300.00 at Barclays

United Rentals (NYSE:URI) had its target price upped by research analysts at Barclays from $290.00 to $300.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Barclays‘s target price points to a potential downside of 8.49% from the stock’s current price.

A number of other brokerages have also recently issued reports on URI. Citigroup lifted their target price on United Rentals from $400.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, November 16th. KeyCorp lifted their target price on United Rentals from $405.00 to $455.00 and gave the stock an “overweight” rating in a report on Friday, October 29th. Deutsche Bank Aktiengesellschaft decreased their target price on United Rentals from $402.00 to $384.00 and set a “hold” rating on the stock in a report on Friday, December 10th. Robert W. Baird cut United Rentals from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $439.00 to $317.00 in a report on Tuesday, December 21st. Finally, Morgan Stanley upgraded United Rentals from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $297.00 to $395.00 in a report on Thursday, December 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $364.70.

Shares of URI stock opened at $327.82 on Thursday. United Rentals has a 1 year low of $228.22 and a 1 year high of $414.99. The stock has a market cap of $23.73 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The business’s fifty day moving average is $349.41 and its 200-day moving average is $344.70. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.74 and a current ratio of 0.80.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 27th. The construction company reported $6.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.80 by ($0.22). United Rentals had a net margin of 13.04% and a return on equity of 28.88%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business posted $5.40 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities research analysts predict that United Rentals will post 21.86 earnings per share for the current year.

In other news, Director Jose B. Alvarez sold 925 shares of United Rentals stock in a transaction on Friday, October 29th. The stock was sold at an average price of $375.80, for a total transaction of $347,615.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund boosted its position in United Rentals by 73.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78 shares of the construction company’s stock valued at $25,000 after purchasing an additional 33 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in United Rentals by 42.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 90 shares of the construction company’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Global Retirement Partners LLC boosted its position in United Rentals by 33.0% during the third quarter. Global Retirement Partners LLC now owns 125 shares of the construction company’s stock valued at $44,000 after purchasing an additional 31 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in United Rentals by 105.9% during the third quarter. Parkside Financial Bank & Trust now owns 140 shares of the construction company’s stock valued at $49,000 after purchasing an additional 72 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in United Rentals during the third quarter valued at $53,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

United Rentals Company Profile

United Rentals, Inc engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The firm operates through two business segments: General Rentals; and Trench, Power & Fluid Solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities.

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