United Rentals, Inc. (NYSE:URI) – Analysts at Jefferies Group upped their FY2017 earnings estimates for shares of United Rentals in a research note issued to investors on Monday. Jefferies Group analyst J. Jordan now forecasts that the construction company will earn $9.90 per share for the year, up from their prior estimate of $9.60. Jefferies Group has a “Buy” rating and a $150.00 price target on the stock. Jefferies Group also issued estimates for United Rentals’ FY2018 earnings at $11.08 EPS.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $2.06 earnings per share. United Rentals’s quarterly revenue was up 12.4% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Jefferies Group Comments on United Rentals, Inc.’s FY2017 Earnings (NYSE:URI)” was originally reported by BNB Daily and is the property of of BNB Daily. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/13/jefferies-group-comments-on-united-rentals-inc-s-fy2017-earnings-nyseuri-updated-updated.html.
Other equities research analysts have also recently issued reports about the stock. UBS AG reaffirmed a “neutral” rating and issued a $121.00 target price on shares of United Rentals in a report on Sunday, April 23rd. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Citigroup Inc. increased their price target on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Wednesday. Finally, Zacks Investment Research cut shares of United Rentals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. United Rentals presently has an average rating of “Buy” and an average target price of $124.85.
United Rentals (URI) traded down 0.81% during trading on Tuesday, reaching $120.20. The company’s stock had a trading volume of 272,287 shares. The company’s 50 day moving average price is $110.71 and its 200 day moving average price is $116.69. United Rentals has a 52 week low of $70.58 and a 52 week high of $134.28. The company has a market cap of $10.16 billion, a P/E ratio of 17.46 and a beta of 2.42.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of United Rentals by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,153,447 shares of the construction company’s stock worth $1,144,637,000 after buying an additional 252,299 shares in the last quarter. BlackRock Inc. boosted its position in shares of United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after buying an additional 5,661,088 shares in the last quarter. FMR LLC boosted its position in shares of United Rentals by 5.5% in the first quarter. FMR LLC now owns 3,662,214 shares of the construction company’s stock worth $457,960,000 after buying an additional 191,311 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock worth $317,582,000 after buying an additional 1,356,308 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of United Rentals by 36.0% in the second quarter. APG Asset Management N.V. now owns 1,195,466 shares of the construction company’s stock worth $134,741,000 after buying an additional 316,256 shares in the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.
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.
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