A share price of United Rentals, Inc. [URI] is currently trading at $783.60, down -1.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The URI shares have gain 7.42% over the last week, with a monthly amount glided 8.12%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
United Rentals, Inc. [NYSE: URI] stock has seen the most recent analyst activity on June 28, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $750. Previously, Citigroup started tracking the stock with Buy rating on June 26, 2024, and set its price target to $745. On June 07, 2024, JP Morgan initiated with a Overweight rating and assigned a price target of $780 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $793 on March 14, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $500 as its price target on January 08, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on January 05, 2024, but kept the price target unchanged to $485. In a note dated December 05, 2023, UBS downgraded an Neutral rating on this stock and boosted its target price from $504 to $525.
United Rentals, Inc. experienced fluctuations in its stock price throughout the past year between $387.01 and $801.39. Currently, Wall Street analysts expect the stock to reach $475.4 within the next 12 months. United Rentals, Inc. [NYSE: URI] shares were valued at $783.60 at the most recent close of the market. An investor can expect a potential drop of -39.33% based on the average URI price forecast.
Analyzing the URI fundamentals
Trailing Twelve Months sales for United Rentals, Inc. [NYSE:URI] were 14.75B which represents 6.16% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.23%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.56.
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 778.48 points at the first support level, and at 773.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 791.57, and for the 2nd resistance point, it is at 799.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for United Rentals, Inc. [NYSE:URI] is 0.81. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 3.51, the price to book ratio is 6.27 and price to earnings (TTM) ratio is 20.68.
Transactions by insiders
Recent insider trading involved Gross Joli L., SVP, Chief LGL & Sustain. Off., that happened on Aug 02 ’24 when 360.0 shares were sold. Officer, Joli Gross completed a deal on Aug 02 ’24 to buy 360.0 shares. Meanwhile, SVP Leopold Anthony S. sold 1981.0 shares on May 15 ’24.
