Bank of America Lowers United Rentals (NYSE:URI) Price Target to $750.00

United Rentals (NYSE:URI - Get Free Report) had its price objective reduced by stock analysts at Bank of America from $850.00 to $750.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Bank of America's price objective would indicate a potential upside of 16.79% from the company's current price.

Several other brokerages have also recently issued reports on URI. Morgan Stanley dropped their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Evercore ISI lowered their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $815.67.

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United Rentals Trading Up 2.2 %

Shares of United Rentals stock traded up $14.02 on Friday, hitting $642.18. 214,976 shares of the company traded hands, compared to its average volume of 546,288. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market cap of $41.94 billion, a PE ratio of 16.57, a PEG ratio of 1.43 and a beta of 1.76. The stock's 50 day moving average price is $696.39 and its 200-day moving average price is $757.16. United Rentals has a 52 week low of $585.27 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities research analysts predict that United Rentals will post 44.8 EPS for the current year.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of URI. Quest Partners LLC raised its position in United Rentals by 4.5% during the 3rd quarter. Quest Partners LLC now owns 890 shares of the construction company's stock worth $721,000 after buying an additional 38 shares during the last quarter. Prospera Financial Services Inc boosted its position in United Rentals by 20.1% in the 3rd quarter. Prospera Financial Services Inc now owns 933 shares of the construction company's stock worth $756,000 after purchasing an additional 156 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of United Rentals by 24.0% during the 3rd quarter. Avior Wealth Management LLC now owns 217 shares of the construction company's stock worth $176,000 after purchasing an additional 42 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of United Rentals by 3.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company's stock valued at $458,000 after purchasing an additional 19 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of United Rentals by 8.4% in the 3rd quarter. LPL Financial LLC now owns 124,946 shares of the construction company's stock valued at $101,173,000 after purchasing an additional 9,684 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.