It’s still a bull thesis, just subverted: United Rentals Inc. (URI)

United Rentals Inc. [URI] stock prices are up down -3.39% to $273.27 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The URI shares have lost -5.35% over the last week, with a monthly amount drifted -10.99%, and not seem to be holding up well over a long-time horizon.

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On 7, September 2022, United Rentals Adds JCB All-Electric Dumpsters to North American Fleet. In a post published today on Yahoo Finance, New Offering Helps United Rentals Customers Advance Sustainability Goals.

From an analyst’s perspective:

United Rentals Inc. [NYSE: URI] stock has seen the most recent analyst activity on August 18, 2022, when Bernstein downgraded its rating to a Underperform and also revised its price target to $269 from $307. Previously, Wells Fargo started tracking the stock with Overweight rating on March 11, 2022, and set its price target to $425. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $317 on December 21, 2021. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $395 on December 09, 2021. UBS upgraded its rating to Buy for this stock on June 25, 2021, and upped its price target to $375. In a note dated June 23, 2021, Citigroup upgraded an Buy rating on this stock but restated the target price of $350.

The stock price of United Rentals Inc. [URI] has been fluctuating between $230.54 and $414.99 over the past year. Currently, Wall Street analysts expect the stock to reach $394.88 within the next 12 months. United Rentals Inc. [NYSE: URI] shares were valued at $273.27 at the most recent close of the market. An investor can expect a potential return of 44.5% based on the average price forecast.

Analyzing the URI fundamentals

The most recent quarter, United Rentals Inc. [NYSE:URI] reported sales of 2.77 billion, representing a surge of 21.20%. Gross Margin for this corporation currently stands at +35.97% with Operating Margin at +23.63%, Pretax Margin comes in at +19.00%, and Net Margin reading is +14.27%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 267.87 points at the first support level, and at 262.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 281.28, and for the 2nd resistance point, it is at 289.28.

United Rentals Inc. [URI] reported earnings per share of $7.86 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $6.46/share, meaning a difference of $1.4 and a surprise factor of 21.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $5.73 per share as compared to estimates of $4.99 per share, a difference of $0.74 representing a surprise of 14.80%.

Ratios To Look Out For

It’s worth pointing out that United Rentals Inc. [NYSE:URI]’s Current Ratio is 1.10. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 2.49, the price to book ratio is 4.02 and the P/E (TTM) ratio is 11.31.

Transactions by insiders

Insider trading has also been a hot topic recently, with 2 insiders purchasing 1,141 shares and 4 selling 20,847 shares in the past 3 months. Recent insider trading involved Limoges Andrew B., VP, Controller, that happened on Aug 11 when 308.0 shares were sold. EVP, CFO, Graziano Jessica completed a deal on Jul 29 to sell 977.0 shares. Meanwhile, President & CEO Flannery Matthew John sold 19076.0 shares on Jul 28.