United Rentals (NYSE:URI) Price Target Lowered to $974.00 at Evercore ISI

United Rentals (NYSE:URI) had its price target reduced by research analysts at Evercore ISI from $1,004.00 to $974.00 in a research 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 objective suggests a potential upside of 38.98% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Finally, Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Down 2.7 %

URI traded down $19.51 during trading hours on Wednesday, reaching $700.84. 245,882 shares of the company’s stock traded hands, compared to its average volume of 647,666. United Rentals has a 52-week low of $596.48 and a 52-week high of $896.98. The firm has a market capitalization of $45.77 billion, a PE ratio of 18.09, a PEG ratio of 1.52 and a beta of 1.68. The firm has a 50-day moving average price of $737.38 and a 200 day moving average price of $770.38. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

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

Institutional Trading of United Rentals

Several hedge funds and other institutional investors have recently made changes to their positions in URI. FMR LLC raised its stake in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares during the last quarter. Capital World Investors increased its position in United Rentals by 17.1% during the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. International Assets Investment Management LLC raised its stake in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock valued at $1,115,142,000 after buying an additional 20,401 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock valued at $880,778,000 after buying an additional 172,340 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

About United Rentals

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.