Truist Financial Issues Pessimistic Forecast for United Rentals (NYSE:URI) Stock Price

United Rentals (NYSE:URI) had its price objective dropped by investment analysts at Truist Financial from $965.00 to $963.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would indicate a potential upside of 24.93% from the stock’s previous close.

Several other brokerages also recently weighed in on URI. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. Citigroup cut their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $805.08.

United Rentals Stock Performance

NYSE:URI opened at $770.81 on Thursday. United Rentals has a 12 month low of $553.22 and a 12 month high of $896.98. The firm has a market capitalization of $50.58 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business’s fifty day moving average price is $778.79 and its 200 day moving average price is $760.78.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business earned $11.73 earnings per share. United Rentals’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that United Rentals will post 43.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Rentals

A number of hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the 3rd quarter worth $31,000. Carmichael Hill & Associates Inc. lifted its position in shares of United Rentals by 80.0% in the 3rd 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. purchased a new position in shares of United Rentals during the third quarter valued at $41,000. Finally, Trust Co. of Vermont increased its holdings in shares of United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Company Profile

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.