United Rentals (URI) Stock Forecast & Price Target

$819.00

+16.17 (+2.01%)

(As of 05:32 PM ET)

United Rentals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 15 Analyst Ratings

Sell
3

Hold
4

Buy
8

Based on 15 Wall Street analysts who have issued ratings for United Rentals in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 3 have given a sell rating, 4 have given a hold rating, and 8 have given a buy rating for URI.

Consensus Price Target

$714.92
-12.71% Downside

According to the 15 analysts' twelve-month price targets for United Rentals, the average price target is $714.92. The highest price target for URI is $954.00, while the lowest price target for URI is $400.00. The average price target represents a forecasted downside of -12.71% from the current price of $819.00.

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URI Analyst Ratings Over Time

Type	Current Forecast 10/12/23 to 10/11/24	1 Month Ago 9/12/23 to 9/11/24	3 Months Ago 7/14/23 to 7/13/24	1 Year Ago 10/12/22 to 10/12/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$714.92	$675.15	$637.67	$455.25
Forecasted Upside	-12.71% Downside	-4.42% Downside	-6.17% Downside	2.43% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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URI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

URI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

United Rentals Stock vs. The Competition

Type	United Rentals	Construction Companies	S&P 500
Consensus Rating Score	2.33	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-10.92% Downside	29.19% Upside	7.80% Upside
News Sentiment Rating	Positive News See Recent URI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/9/2024	Citigroup 3 of 5 stars	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$860.00 ➝ $930.00	+14.32%
10/9/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$873.00 ➝ $954.00	+18.67%
10/3/2024	Robert W. Baird 2 of 5 stars		Boost Target	Underperform ➝ Underperform	$565.00 ➝ $650.00	-17.39%
9/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$780.00 ➝ $940.00	+18.67%
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$774.00 ➝ $795.00	+11.72%
7/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$790.00 ➝ $905.00	+17.77%
Get the Latest News and Ratings for URI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for United Rentals and its competitors with MarketBeat's FREE daily newsletter.
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$750.00	+20.38%
4/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$720.00 ➝ $750.00	+9.98%
1/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$325.00 ➝ $400.00	-37.00%
1/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$630.00 ➝ $710.00	+8.73%
1/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$500.00	-7.65%
1/5/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Underperform	$485.00	-11.64%
12/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$504.00 ➝ $525.00	+7.13%
12/4/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
7/28/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$482.00 ➝ $521.00	+18.11%
6/27/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$425.00 ➝ $460.00	+10.62%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$399.00 ➝ $406.00	+9.57%
12/16/2022	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Mixed ➝ Positive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:51 PM ET.

Should I Buy United Rentals Stock? URI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 8, 2024. Please send any questions or comments about these United Rentals pros and cons to contact@marketbeat.com.

United Rentals
Bull Case

Here are some ways that investors could benefit from investing in United Rentals, Inc.:

United Rentals stock price has been showing an upward trend, reaching $796.03 on the latest trading day, indicating potential growth.
Positive analyst ratings and price targets from reputable firms like JPMorgan Chase & Co., Goldman Sachs Group, and Evercore ISI, suggesting confidence in the company's future performance.
Strong institutional investor interest with large acquisitions by firms like Hsbc Holdings PLC and Brown Financial Advisors, indicating belief in United Rentals' long-term prospects.
Stable financial metrics including a reasonable PE ratio of 21.74 and a healthy P/E/G ratio of 1.89, signaling a balanced valuation and growth potential.
United Rentals' market capitalization of $53.01 billion reflects its position as a significant player in the construction industry, providing stability and potential for further expansion.

United Rentals
Bear Case

Investors should be bearish about investing in United Rentals, Inc. for these reasons:

Despite the positive analyst ratings, there are still some sell ratings on United Rentals stock, indicating differing opinions on the company's future performance.
The company's beta of 1.68 suggests higher volatility compared to the market average, which may pose risks for investors during market fluctuations.
Debt-to-equity ratio of 1.39 could be a concern for some investors as it indicates a significant level of debt that United Rentals needs to manage effectively.
Recent stock price fluctuations, such as the 1.3% decrease on the latest trading day, may raise concerns about short-term volatility and potential market risks.
While institutional investors have shown interest, the high ownership percentage of 96.26% by institutions may limit individual investor influence on company decisions.

URI Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for United Rentals is $714.92, with a high forecast of $954.00 and a low forecast of $400.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" URI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in URI, but not buy additional shares or sell existing shares.
: According to analysts, United Rentals's stock has a predicted downside of -12.71% based on their 12-month stock forecasts.
: United Rentals has been rated by research analysts at Citigroup, Evercore ISI, JPMorgan Chase & Co., Robert W. Baird, The Goldman Sachs Group, and Truist Financial in the past 90 days.
: Analysts like United Rentals less than other "construction" companies. The consensus rating for United Rentals is Hold while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how URI compares to other companies.