JPMorgan Chase & Co. Lowers United Rentals (NYSE:URI) Price Target to $750.00

United Rentals (NYSE:URI) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $1,000.00 to $750.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 27.49% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Morgan Stanley decreased their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America cut their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Citigroup lowered their price target on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $734.29.

United Rentals Stock Performance

Shares of NYSE:URI traded up $5.39 during trading on Monday, hitting $588.29. 572,284 shares of the company traded hands, compared to its average volume of 589,287. United Rentals has a one year low of $525.91 and a one year high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average is $644.29 and its 200-day moving average is $740.17. The stock has a market capitalization of $38.43 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts predict that United Rentals will post 44.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Trading of United Rentals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URI. Wilmington Savings Fund Society FSB acquired a new stake in United Rentals during the third quarter worth $2,147,000. Tidal Investments LLC boosted its stake in United Rentals by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 8,295 shares of the construction company’s stock valued at $6,717,000 after buying an additional 624 shares in the last quarter. Synovus Financial Corp increased its position in shares of United Rentals by 8.4% during the 3rd quarter. Synovus Financial Corp now owns 634 shares of the construction company’s stock worth $513,000 after purchasing an additional 49 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after acquiring an additional 57,002 shares during the last quarter. Finally, American Trust raised its position in United Rentals by 206.3% in the 3rd quarter. American Trust now owns 1,207 shares of the construction company’s stock valued at $977,000 after purchasing an additional 813 shares during the last quarter. Institutional investors and hedge funds 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.