United Rentals (NYSE:URI) PT Raised to $405.00

United Rentals (NYSE:URI) had its price objective increased by KeyCorp from $390.00 to $405.00 in a research report sent to investors on Wednesday morning, PriceTargets.com reports. KeyCorp currently has an overweight rating on the construction company’s stock. KeyCorp also issued estimates for United Rentals’ Q3 2021 earnings at $6.78 EPS, Q4 2021 earnings at $6.36 EPS, FY2021 earnings at $21.24 EPS and FY2022 earnings at $25.18 EPS.

Several other research firms also recently issued reports on URI. UBS Group raised shares of United Rentals from a neutral rating to a buy rating and lifted their price target for the stock from $335.00 to $375.00 in a research note on Friday, June 25th. Morgan Stanley lifted their price target on shares of United Rentals from $267.00 to $268.00 and gave the company an underweight rating in a report on Friday, July 30th. Barclays lifted their price target on shares of United Rentals from $255.00 to $265.00 and gave the company an underweight rating in a report on Wednesday, July 14th. raised shares of United Rentals from a neutral rating to a buy rating and set a $350.00 target price for the company in a research note on Wednesday, June 23rd. Finally, Citigroup raised shares of United Rentals from a neutral rating to a buy rating in a research note on Wednesday, June 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $322.64.

United Rentals stock opened at $356.51 on Wednesday. United Rentals has a 12-month low of $164.31 and a 12-month high of $364.30. The company has a market capitalization of $25.81 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.02 and a beta of 2.03. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.85 and a quick ratio of 0.78. The firm’s fifty day moving average price is $338.70 and its 200 day moving average price is $327.21.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 28th. The construction company reported $4.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.81 by ($0.15). United Rentals had a return on equity of 29.06% and a net margin of 11.36%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $3.68 EPS. Analysts forecast that United Rentals will post 21.66 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of United Rentals by 73.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78 shares of the construction company’s stock worth $25,000 after purchasing an additional 33 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of United Rentals during the first quarter valued at approximately $30,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of United Rentals during the first quarter valued at approximately $35,000. WASHINGTON TRUST Co raised its holdings in shares of United Rentals by 153.3% during the second quarter. WASHINGTON TRUST Co now owns 114 shares of the construction company’s stock valued at $36,000 after acquiring an additional 69 shares during the period. Finally, E Fund Management Co. Ltd. acquired a new stake in shares of United Rentals during the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 88.94% of the company’s stock.

About United Rentals

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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Analyst Recommendations for United Rentals (NYSE:URI)

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