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

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

Several other brokerages also recently weighed in on URI. Raymond James began coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Robert W. Baird raised their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $700.69.

United Rentals Price Performance

Shares of NYSE URI traded up $4.23 during trading on Wednesday, reaching $803.94. The company had a trading volume of 179,979 shares, compared to its average volume of 545,294. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $53.17 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.68. United Rentals has a twelve month low of $387.01 and a twelve month high of $826.24. The stock has a 50-day moving average price of $738.41 and a two-hundred day moving average price of $697.01.

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

Insider Activity at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

Hedge Funds Weigh In On United Rentals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Financial Corp IN purchased a new stake in shares of United Rentals during the first quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new stake in United Rentals during the 1st quarter worth $27,000. RFP Financial Group LLC lifted its holdings in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Rise Advisors LLC purchased a new position in United Rentals in the 1st quarter valued at about $28,000. Finally, Riverview Trust Co acquired a new stake in shares of United Rentals during the first quarter valued at about $31,000. 96.26% of the stock is owned by institutional investors and hedge funds.

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.