United Rentals, Inc. (NYSE:URI) – Equities research analysts at Northcoast Research raised their Q2 2017 earnings per share estimates for shares of United Rentals in a research note issued on Thursday. Northcoast Research analyst J. Healy now forecasts that the construction company will post earnings per share of $2.23 for the quarter, up from their prior forecast of $2.06. Northcoast Research also issued estimates for United Rentals’ Q3 2017 earnings at $2.73 EPS, Q4 2017 earnings at $2.79 EPS and FY2017 earnings at $9.38 EPS.
URI has been the subject of a number of other research reports. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Tuesday, June 6th. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub raised United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Deutsche Bank AG began coverage on United Rentals in a research note on Wednesday, April 5th. They issued a “hold” rating and a $125.00 price objective for the company. Finally, Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $128.00 to $138.00 in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. United Rentals currently has an average rating of “Buy” and a consensus target price of $120.68.
Shares of United Rentals (URI) opened at 117.48 on Monday. The stock has a market cap of $9.93 billion, a PE ratio of 17.41 and a beta of 2.42. The firm has a 50 day moving average price of $109.54 and a 200 day moving average price of $116.45. United Rentals has a 12-month low of $67.64 and a 12-month high of $134.28.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 19th. The construction company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.51 by $0.12. United Rentals had a return on equity of 47.90% and a net margin of 10.04%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company earned $1.40 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.
Large investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its stake in shares of United Rentals by 18.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 333,010 shares of the construction company’s stock worth $35,160,000 after buying an additional 52,457 shares during the period. Kentucky Retirement Systems bought a new stake in shares of United Rentals during the fourth quarter worth about $645,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of United Rentals during the fourth quarter worth about $288,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of United Rentals by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,234 shares of the construction company’s stock worth $9,283,000 after buying an additional 3,650 shares during the period. Finally, Fulton Bank N.A. increased its stake in shares of United Rentals by 370.1% in the first quarter. Fulton Bank N.A. now owns 9,092 shares of the construction company’s stock worth $1,137,000 after buying an additional 7,158 shares during the period. Institutional investors and hedge funds own 93.89% 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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