Morgan Stanley Issues Pessimistic Forecast for United Rentals (NYSE:URI) Stock Price

United Rentals (NYSE:URI - Get Free Report) had its target price reduced by analysts at Morgan Stanley from $775.00 to $765.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the construction company's stock. Morgan Stanley's price objective would indicate a potential upside of 1.97% from the company's previous close.

URI has been the subject of a number of other research reports. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Citigroup cut their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. One equities 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $814.08.

United Rentals Stock Up 1.6 %

Shares of URI traded up $12.04 during trading hours on Monday, reaching $750.22. The company's stock had a trading volume of 395,847 shares, compared to its average volume of 717,848. The company has a 50 day moving average of $755.32 and a two-hundred day moving average of $769.55. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market cap of $49.00 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.52 and a beta of 1.68. United Rentals has a 1-year low of $596.48 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, research analysts predict that United Rentals will post 46.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in URI. Mayflower Financial Advisors LLC lifted its position in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock worth $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC raised its stake in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT lifted its position in United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company's stock worth $342,000 after purchasing an additional 13 shares during the period. IAM Advisory LLC boosted its stake in United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company's stock worth $729,000 after buying an additional 14 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in United Rentals by 1.7% in the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company's stock valued at $683,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

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.