United Rentals (NYSE:URI) Given Buy Rating at Citigroup

Citigroup reiterated their buy rating on shares of United Rentals (NYSE:URI) in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has a $160.00 price target on the construction company’s stock.

URI has been the subject of several other reports. Royal Bank of Canada set a $164.00 target price on United Rentals and gave the company a buy rating in a report on Friday, July 19th. Deutsche Bank set a $128.00 target price on United Rentals and gave the company a hold rating in a report on Friday, July 19th. Macquarie set a $99.00 target price on United Rentals and gave the company a sell rating in a report on Friday, July 19th. UBS Group set a $170.00 target price on United Rentals and gave the company a buy rating in a report on Friday, June 28th. Finally, Zacks Investment Research raised United Rentals from a hold rating to a buy rating and set a $137.00 target price for the company in a report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. United Rentals currently has an average rating of Hold and an average target price of $151.73.

NYSE:URI opened at $128.87 on Wednesday. The firm has a market capitalization of $9.85 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.37 and a beta of 2.66. The stock has a 50 day moving average of $115.21 and a 200-day moving average of $123.68. United Rentals has a 52 week low of $94.28 and a 52 week high of $173.00. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 3.08.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.48 by $0.26. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.85 earnings per share. As a group, analysts predict that United Rentals will post 19.3 EPS for the current fiscal year.

In other United Rentals news, Director Jose B. Alvarez acquired 238 shares of United Rentals stock in a transaction dated Wednesday, July 24th. The stock was acquired at an average cost of $125.98 per share, for a total transaction of $29,983.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald C. Roof acquired 5,000 shares of United Rentals stock in a transaction dated Monday, July 22nd. The shares were acquired at an average price of $118.27 per share, with a total value of $591,350.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,238 shares of company stock valued at $842,073. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of URI. Seelaus Asset Management LLC lifted its position in United Rentals by 1.0% in the second quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after purchasing an additional 80 shares during the period. Chesley Taft & Associates LLC lifted its position in United Rentals by 0.7% in the second quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 85 shares during the period. AMP Capital Investors Ltd lifted its position in United Rentals by 0.3% in the second quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock worth $4,221,000 after purchasing an additional 97 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in United Rentals by 1.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after purchasing an additional 98 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its position in United Rentals by 4.3% in the second quarter. Hunter Associates Investment Management LLC now owns 2,400 shares of the construction company’s stock worth $318,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 87.99% 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 Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Analyst Recommendations for United Rentals (NYSE:URI)

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