United Rentals (URI) has risen sharply, recording gains of 17.81% in the past 4 weeks. However, the stock has corrected -0.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.95% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
United Rentals (NYSE:URI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.52 and $77.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.45, notching a gain of 3.28% for the day. The total traded volume was 1,804,054 . The stock had closed at $76.93 on the previous day.
The stock has recorded a 20-day Moving Average of 7.29% and the 50-Day Moving Average is 12.15%. United Rentals, Inc. is up 29.19% in the last 3-month period. Year-to-Date the stock performance stands at 9.53%.
United Rentals (URI) : The highest level United Rentals (URI) is projected to reach is $92 for the short term and the lowest estimate is at $50. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $72.89 and the possibility the share price can swing is $16.3.
United Rentals, Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc. (URNA), and its subsidiaries. It operates in two segments: general rentals and trench safety, power and heating, ventilating and air conditioning (HVAC), and pump solutions. The general rentals segment consists of around 12 geographic regions, including eastern Canada, Gulf South, Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Pacific West, South, Southeast and Western Canada, among others. The trench safety, power and HVAC, and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3,300 classes of equipment on an hourly, daily, weekly or monthly basis to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, Government entities and other customers.