United Rentals, Inc. (NYSE:URI) Price Target Increased to $142.00 by Analysts at Citigroup Inc.

United Rentals, Inc. (NYSE:URI) had its target price raised by Citigroup Inc. from $130.00 to $142.00 in a report issued on Friday morning. The brokerage currently has a buy rating on the construction company’s stock.

Several other research analysts also recently weighed in on URI. Vetr downgraded United Rentals from a buy rating to a hold rating and set a $125.78 target price on the stock. in a research note on Tuesday, March 28th. Zacks Investment Research upgraded United Rentals from a hold rating to a buy rating and set a $138.00 target price on the stock in a research note on Thursday, March 30th. Deutsche Bank AG initiated coverage on United Rentals in a research note on Wednesday, April 5th. They set a hold rating and a $125.00 target price on the stock. Royal Bank Of Canada restated a hold rating and set a $130.00 target price on shares of United Rentals in a research note on Wednesday, April 12th. Finally, Jefferies Group LLC restated a buy rating and set a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $124.91.

United Rentals (URI) opened at 119.31 on Friday. The stock’s 50 day moving average price is $110.17 and its 200-day moving average price is $116.51. United Rentals has a one year low of $70.58 and a one year high of $134.28. The company has a market capitalization of $10.09 billion, a P/E ratio of 17.33 and a beta of 2.42.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share 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 firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts forecast that United Rentals will post $9.81 EPS for the current year.

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Several institutional investors have recently modified their holdings of URI. Huntington National Bank boosted its position in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares during the period. Hermes Investment Management Ltd. bought a new position in shares of United Rentals during the second quarter valued at about $629,000. Altfest L J & Co. Inc. bought a new position in shares of United Rentals during the second quarter valued at about $864,000. 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 valued at $134,741,000 after buying an additional 316,256 shares during the period. Finally, Court Place Advisors LLC boosted its position in shares of United Rentals by 43.7% in the second quarter. Court Place Advisors LLC now owns 19,830 shares of the construction company’s stock valued at $2,235,000 after buying an additional 6,030 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

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.