United Rentals (NYSE:URI) Receives a Higher Rating From Buckingham Research. What’s The Reasoning Behind This Move?

July 13, 2018 - By Andrea Pope

United Rentals, Inc. (NYSE:URI) Logo

Investors sentiment increased to 0.97 in 2018 Q1. Its up 0.05, from 0.92 in 2017Q4. It increased, as 36 investors sold United Rentals, Inc. shares while 216 reduced holdings. 85 funds opened positions while 160 raised stakes. 68.67 million shares or 4.27% less from 71.73 million shares in 2017Q4 were reported.

Kistler has 39 shares for 0% of their portfolio. 42,836 were reported by Aviva Pcl. Silvercrest Asset Mngmt Gp holds 0% or 2,012 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt Corporation has 0.2% invested in United Rentals, Inc. (NYSE:URI) for 125,300 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 46,180 shares. Zeke Capital Lc stated it has 1,255 shares. 1832 Asset Management Limited Partnership has 0% invested in United Rentals, Inc. (NYSE:URI). Fisher Asset Mgmt Llc owns 53,304 shares for 0.01% of their portfolio. New Jersey-based Jacobs Levy Equity Management has invested 0.06% in United Rentals, Inc. (NYSE:URI). 65,058 are held by Cushing Asset Limited Partnership. Commonwealth Bancorp Of owns 12,443 shares. Neuberger Berman Group Inc has 914,478 shares for 0.18% of their portfolio. Gsa Prns Ltd Liability Partnership holds 0.03% or 2,922 shares in its portfolio. 296,486 were reported by Sumitomo Mitsui Tru. Burt Wealth Advsr holds 0.01% in United Rentals, Inc. (NYSE:URI) or 160 shares.

United Rentals (NYSE:URI) Stock Upgrade

Buckingham Research has boosted shares of United Rentals (NYSE:URI) stock to a Buy in a report sent to investors and clients today. URI’s past rating was only a Neutral.

United Rentals, Inc. (NYSE:URI) Ratings Coverage

Among 7 analysts covering United Rentals (NYSE:URI), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. United Rentals has $230.0 highest and $180 lowest target. $195.17’s average target is 26.63% above currents $154.13 stock price. United Rentals had 9 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, January 26 by UBS. The company was maintained on Friday, January 26 by Stifel Nicolaus. The rating was maintained by Bank of America with “Buy” on Friday, January 26. The firm earned “Buy” rating on Friday, June 22 by UBS. The stock has “Buy” rating by Jefferies on Tuesday, January 16. The stock has “Neutral” rating by Buckingham Research on Friday, January 26. Bank of America maintained the shares of URI in report on Thursday, May 3 with “Buy” rating.

The stock increased 1.19% or $1.82 during the last trading session, reaching $154.13. About 643,042 shares traded. United Rentals, Inc. (NYSE:URI) has risen 45.37% since July 13, 2017 and is uptrending. It has outperformed by 32.80% the S&P500.

Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on July, 18. They expect $3.49 EPS, up 47.26 % or $1.12 from last year’s $2.37 per share. URI’s profit will be $291.76M for 11.04 P/E if the $3.49 EPS becomes a reality. After $2.87 actual EPS reported by United Rentals, Inc. for the previous quarter, Wall Street now forecasts 21.60 % EPS growth.

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. The company has market cap of $12.89 billion. It operates in two divisions, General Rentals; and Trench, Power, and Pump. It has a 9.28 P/E ratio. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

More recent United Rentals, Inc. (NYSE:URI) news were published by: Seekingalpha.com which released: “United Rentals inks deal to acquire BakerCorp” on July 02, 2018. Also Seekingalpha.com published the news titled: “United Rentals Quietly Outperforms” on June 26, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: AT&T, BlackRock, Broadcom, Diageo, Kinross Gold, United Rentals, Williams …” with publication date: July 13, 2018 was also an interesting one.

United Rentals, Inc. (NYSE:URI) Institutional Positions Chart

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