The United Rentals, Inc. (URI) Forecasted to Post FY2018 Earnings of $10.35 Per Share

The United Rentals, Inc. (URI) Forecasted to Post FY2018 Earnings of $10.35 Per Share

Other analysts have also recently issued reports about the company. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a research note on Thursday, March 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research note on Thursday, April 20th. Vetr raised United Rentals from a “hold” rating to a “buy” rating and set a $125.52 price target for the company in a research note on Friday, April 14th. Bank of America Corporation raised United Rentals from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Finally, BidaskClub raised United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $120.21.

United Rentals, Inc. (NYSE:URI) – Stock analysts at Northcoast Research increased their FY2018 earnings estimates for United Rentals in a research note issued to investors on Thursday. Northcoast Research analyst J. Healy now anticipates that the construction company will post earnings of $10.35 per share for the year, up from their prior estimate of $9.78.

Shares of United Rentals (NYSE URI) opened at 117.21 on Friday. The company has a 50 day moving average of $108.26 and a 200-day moving average of $115.64. United Rentals has a 12-month low of $61.92 and a 12-month high of $134.28. The firm has a market cap of $9.91 billion, a PE ratio of 17.37 and a beta of 2.42.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 19th. The construction company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 10.04% and a return on equity of 47.90%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company earned $1.40 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in URI. Vanguard Group Inc. raised its stake in United Rentals by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,153,447 shares of the construction company’s stock valued at $1,144,637,000 after buying an additional 252,299 shares during the last quarter. BlackRock Inc. raised its stake in United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock valued at $729,568,000 after buying an additional 5,661,088 shares during the last quarter. FMR LLC raised its stake in United Rentals by 5.5% in the first quarter. FMR LLC now owns 3,662,214 shares of the construction company’s stock valued at $457,960,000 after buying an additional 191,311 shares during the last quarter. JPMorgan Chase & Co. raised its stake in United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock valued at $317,582,000 after buying an additional 1,356,308 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in United Rentals by 20.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,154,714 shares of the construction company’s stock valued at $144,396,000 after buying an additional 196,374 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

United Rentals Company Profile

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.

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