JPMorgan Chase & Co. Raises United Rentals (NYSE:URI) Price Target to $1,000.00

United Rentals (NYSE:URI) had its price objective increased by research analysts at JPMorgan Chase & Co. from $940.00 to $1,000.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 32.14% from the company’s current price.

URI has been the topic of a number of other reports. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Citigroup dropped 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. Truist Financial reiterated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $818.55.

United Rentals Stock Down 2.2 %

Shares of NYSE URI opened at $756.78 on Friday. The business has a 50-day moving average price of $764.73 and a 200 day moving average price of $769.27. The stock has a market cap of $49.66 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals has a 52-week low of $596.48 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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 34.51%. Equities research analysts forecast that United Rentals will post 46.06 earnings per share for the current year.

Institutional Trading of United Rentals

A number of institutional investors have recently added to or reduced their stakes in URI. International Assets Investment Management LLC boosted its stake in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after purchasing an additional 105,287 shares during the last quarter. FMR LLC boosted its position in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after purchasing an additional 66,957 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after buying an additional 57,002 shares in the last quarter. Hedge funds and other 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.