United Rentals (NYSE:URI) Given New $974.00 Price Target at Evercore ISI

United Rentals (NYSE:URI) had its price target dropped by stock analysts at Evercore ISI from $1,004.00 to $974.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Evercore ISI’s price target would indicate a potential upside of 38.98% from the company’s previous close.

Several other analysts have also weighed in on URI. Morgan Stanley lowered their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial restated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Argus raised their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average target price of $829.00.

United Rentals Stock Down 2.7 %

Shares of United Rentals stock traded down $19.51 during trading hours on Wednesday, hitting $700.84. 245,882 shares of the company’s stock traded hands, compared to its average volume of 647,666. United Rentals has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market cap of $45.77 billion, a PE ratio of 18.09, a PEG ratio of 1.52 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $737.38 and a 200-day simple moving average of $770.38.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities research analysts anticipate that United Rentals will post 44.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of URI. Mayflower Financial Advisors LLC raised its stake in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. Allen Capital Group LLC boosted its stake in United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT increased its stake in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of United Rentals by 3.2% in the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after buying an additional 14 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its position in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

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.