United Rentals (NYSE:URI) Price Target Raised to $954.00 at Truist Financial

United Rentals (NYSE:URI) had its target price increased by research analysts at Truist Financial from $873.00 to $954.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price would suggest a potential upside of 18.67% from the company’s current price.

A number of other research analysts also recently commented on the stock. Evercore ISI increased their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Citigroup initiated coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. The Goldman Sachs Group boosted their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird upped their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Finally, Raymond James initiated coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $700.69.

United Rentals Stock Up 0.5 %

Shares of NYSE:URI traded up $4.23 on Wednesday, hitting $803.94. 179,979 shares of the company’s stock were exchanged, compared to its average volume of 545,294. United Rentals has a 1-year low of $387.01 and a 1-year high of $826.24. The company has a market capitalization of $53.17 billion, a PE ratio of 21.78, a P/E/G ratio of 1.83 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The firm’s 50-day moving average is $738.41 and its 200 day moving average is $697.01.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $9.88 earnings per share. Sell-side analysts predict that United Rentals will post 44.39 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by insiders.

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Financial Corp IN purchased a new position in United Rentals in the first quarter valued at about $25,000. Crewe Advisors LLC purchased a new stake in United Rentals during the first quarter worth $27,000. RFP Financial Group LLC boosted its position in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares in the last quarter. Rise Advisors LLC acquired a new stake in United Rentals in the first quarter valued at $28,000. Finally, Riverview Trust Co acquired a new position in shares of United Rentals during the 1st quarter worth $31,000. Institutional investors and hedge funds 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.