United Rentals (URI) Receives Price Target

United Rentals (URI) : 9 investment research analysts covering United Rentals (URI) have an average price target of $76.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $50 for the short term. Analysts expect the variance to be within $15.21 of the average price.

United Rentals (URI) : The consensus on United Rentals (URI) based on 15 analyst recommendation on the company stock is 2.37, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Macquarie initiates coverage on United Rentals (NYSE:URI). Macquarie has a Underperform rating on the shares. As per the latest report, the brokerage house announces the price target to $37 per share. The rating by the firm was issued on August 25, 2016.

United Rentals (NYSE:URI): The stock opened at $82.00 on Thursday but the bulls could not build on the opening and the stock topped out at $82.30 for the day. The stock traded down to $79.70 during the day, due to lack of any buying support eventually closed down at $81.16 with a loss of -1.40% for the day. The stock had closed at $82.31 on the previous day. The total traded volume was 1,384,096 shares.

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.

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