At the time of writing, United Rentals, Inc. [URI] stock is trading at $709.33, up 2.26%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The URI shares have gain 6.12% over the last week, with a monthly amount glided 10.16%, and seem to be holding up well over a long-time horizon.
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On 20, March 2024, United Rentals Recognized by Forbes as One of America’s Best Large Employers. In a post published today on Yahoo Finance, Company Receives Accolades for Outstanding Workplace and Culture.
From an analyst’s perspective:
United Rentals, Inc. [NYSE: URI] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $793. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on January 08, 2024, and set its price target to $500. On January 05, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $485 on the stock. UBS downgraded its rating to a Neutral and increased its price target to $525 on December 05, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. In a note dated March 27, 2023, Robert W. Baird downgraded an Underperform rating on this stock and revised its target price from $425 to $300.
For the past year, the stock price of United Rentals, Inc. fluctuated between $325.15 and $732.37. Currently, Wall Street analysts expect the stock to reach $394 within the next 12 months. United Rentals, Inc. [NYSE: URI] shares were valued at $709.33 at the most recent close of the market. An investor can expect a potential drop of -44.45% based on the average URI price forecast.
Analyzing the URI fundamentals
According to United Rentals, Inc. [NYSE:URI], the company’s sales were 14.33B for trailing twelve months, which represents an 13.11% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.32 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.56.
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 695.44 points at the first support level, and at 681.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 719.30, and for the 2nd resistance point, it is at 729.26.
United Rentals, Inc. [URI] reported earnings per share of $11.26 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $10.93/share, meaning a difference of $0.33 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $11.73 per share as compared to estimates of $11.2 per share, a difference of $0.53 representing a surprise of 4.70%.
Ratios To Look Out For
It is important to note that United Rentals, Inc. [NYSE:URI] has a current ratio of 0.81. Further, the Quick Ratio stands at 0.75, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 3.33, the price to book ratio is 5.87 and price to earnings (TTM) ratio is 20.06.
Transactions by insiders
Recent insider trading involved PINTOFF CRAIG ADAM, EVP, Chief Admin. Officer, that happened on Mar 11 ’24 when 2184.0 shares were sold. SVP, Chief LGL & Sustain. Off., Gross Joli L. completed a deal on Mar 07 ’24 to sell 440.0 shares. Meanwhile, EVP, CFO Grace William E. sold 775.0 shares on Feb 15 ’24.
