United Rentals (NYSE:URI) Earns “Buy” Rating from Truist Financial

United Rentals (NYSE:URI)‘s stock had its “buy” rating reiterated by investment analysts at Truist Financial in a report issued on Friday,Benzinga reports. They currently have a $956.00 price target on the construction company’s stock, down from their previous price target of $963.00. Truist Financial’s target price indicates a potential upside of 26.33% from the stock’s current price.

A number of other equities research analysts also recently commented on URI. Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $818.55.

United Rentals Trading Down 2.2 %

Shares of URI stock opened at $756.78 on Friday. The company has a market capitalization of $49.66 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.68 and a beta of 1.69. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $764.73 and a 200 day moving average price of $769.27. United Rentals has a twelve month low of $596.48 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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 34.51%. Research analysts forecast that United Rentals will post 46.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Rentals

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the period. JPMorgan Chase & Co. grew its holdings in United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. FMR LLC increased its stake in United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 10.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after buying an additional 66,957 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after buying an additional 57,002 shares during the last quarter. Hedge funds and other 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.