Royal Bank of Canada Reaffirms Buy Rating for United Rentals (URI)

Royal Bank of Canada reaffirmed their buy rating on shares of United Rentals (NYSE:URI) in a research report sent to investors on Thursday. They currently have a $194.00 price target on the construction company’s stock.

A number of other brokerages have also issued reports on URI. Jefferies Group boosted their target price on United Rentals from $150.00 to $165.00 and gave the stock a buy rating in a research report on Monday, October 16th. Bank of America set a $165.00 price target on United Rentals and gave the company a buy rating in a research report on Thursday, October 19th. UBS Group set a $150.00 price target on United Rentals and gave the company a hold rating in a research report on Thursday, October 19th. Buckingham Research began coverage on United Rentals in a research report on Tuesday, November 21st. They set a neutral rating and a $154.00 price target on the stock. Finally, Deutsche Bank reissued a hold rating and set a $157.00 price target (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $159.68.

Shares of United Rentals (NYSE URI) opened at $180.89 on Thursday. The stock has a market capitalization of $15,298.77, a price-to-earnings ratio of 25.62, a PEG ratio of 0.76 and a beta of 2.67. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47. United Rentals has a 52-week low of $100.62 and a 52-week high of $182.86.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.27. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. United Rentals’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 earnings per share. research analysts anticipate that United Rentals will post 10.53 EPS for the current fiscal year.

United Rentals declared that its board has authorized a stock repurchase plan on Wednesday, October 18th that allows the company to buyback $373.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

In other United Rentals news, COO Matthew John Flannery sold 22,324 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total value of $3,291,450.56. Following the transaction, the chief operating officer now owns 31,243 shares in the company, valued at $4,606,467.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Kneeland sold 25,421 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $162.76, for a total value of $4,137,521.96. Following the completion of the transaction, the insider now owns 245,286 shares in the company, valued at approximately $39,922,749.36. The disclosure for this sale can be found here. Insiders have sold 91,760 shares of company stock worth $13,873,111 over the last three months. 1.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of URI. Fieldpoint Private Securities LLC purchased a new position in United Rentals in the third quarter valued at about $119,000. Americafirst Capital Management LLC purchased a new position in United Rentals in the second quarter valued at about $151,000. First Manhattan Co. boosted its stake in shares of United Rentals by 42.9% during the 3rd quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after acquiring an additional 425 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after acquiring an additional 145 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of United Rentals during the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.

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About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Analyst Recommendations for United Rentals (NYSE:URI)

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