Brokerages Set United Rentals, Inc. (NYSE:URI) Price Target at $805.25

United Rentals, Inc. (NYSE:URI) has earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $805.08.

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

United Rentals Stock Up 2.3 %

NYSE:URI opened at $789.12 on Wednesday. The company has a market cap of $51.78 billion, a PE ratio of 20.61, a PEG ratio of 1.71 and a beta of 1.69. The stock has a 50-day simple moving average of $775.13 and a 200 day simple moving average of $764.26. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals has a 52-week low of $574.09 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business 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 earned $11.73 earnings per share. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that United Rentals will post 43.43 EPS for the current fiscal year.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Rentals

A number of large investors have recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in United Rentals in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the third quarter valued at about $31,000. Carmichael Hill & Associates Inc. grew its stake in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. HM Payson & Co. bought a new position in United Rentals during the third quarter worth about $41,000. Finally, Trust Co. of Vermont raised its stake in United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

About United Rentals

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.