United Rentals (NYSE:URI) PT Set at $1,128.00 by Sanford C. Bernstein

United Rentals (NYSE:URI) received a $1,128.00 price objective from analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 20.55% from the company’s current price.

A number of other brokerages have also recently issued reports on URI. Citigroup reiterated a “buy” rating and set a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Barclays raised their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Redburn Atlantic lowered United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target on the stock. in a research report on Friday, June 13th. Finally, Truist Financial raised their price target on United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $908.25.

United Rentals Trading Down 2.0%

URI stock opened at $935.70 on Tuesday. United Rentals has a 1-year low of $525.91 and a 1-year high of $980.53. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $908.97 and its 200-day moving average is $755.97. The firm has a market cap of $60.20 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.21 and a beta of 1.72.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the business earned $10.70 EPS. United Rentals’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals will post 44.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Rentals

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC boosted its holdings in United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after acquiring an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in United Rentals during the 1st quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 789 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of United Rentals by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock valued at $543,000 after purchasing an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $2,966,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Company Profile

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.