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United Rentals, Inc. (NYSE:URI) Moves Lower Ahead of the Bell

20 April 2017, 10:07 | Jan Cross

United Rentals, Inc. (NYSE:URI) Moves Lower Ahead of the Bell

United Rentals, Inc. (NYSE:URI) Moves Lower Ahead of the Bell

United Rentals, Inc. has released its financial results for the first quarter 2017. Stifel Nicolaus boosted their target price on United Rentals from $112.00 to $130.00 and gave the company a "hold" rating in a report on Friday, January 27th. The company has 1.75 value in price to sale ratio while price to book ratio was recorded as 6.11.

Several other brokerages have also issued reports on URI. Avondale Partners raised United Rentals from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $124.40 to $145.00 in a research note on Thursday, January 26th. They noted that the move was a valuation call. Bessemer Group Inc. raised its stake in United Rentals by 160.0% in the fourth quarter. Royal Bank of Canada reaffirmed a "hold" rating and set a $130.00 target price on shares of United Rentals in a report on Wednesday, April 12th. It beta stands at 2.47. The average volume of a stock suggests the liquidity of a particular company. United Rentals, Inc. (NYSE:URI) has risen 50.05% since September 12, 2016 and is uptrending. United Rentals has a 12 month low of $56.01 and a 12 month high of $134.28. (URI) is 2.67 while the analysts predicted the EPS of the stock to be 2.24 suggesting the company fell short of the analysts' expectations. The stock has a 50 day moving average price of $124.03 and a 200 day moving average price of $107.53. (NYSE:URI). Bank & Trust Of America Corp De holds 0.03% of its portfolio in United Rentals, Inc.

In terms of earnings per share, 17 analysts have a 2.26 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 17 analysts have a 2.80 EPS mean target and for the quarter ending Sep-17 there are 19 estimates of 9.30 EPS. The construction company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.51 by $0.12.

EPS growth for this year is 6.20% and EPS growth for next year is expected to reach at 10.66%.

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It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. Novavax, Inc. (NASDAQ:NVAX) have shown a low EPS growth of -43.40% in the last 5 years and has earnings growth of 27.90% yoy.

COPYRIGHT VIOLATION NOTICE: This story was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another site, it was stolen and reposted in violation of U.S. and global trademark & copyright law. United Rentals Inc. had 40 analyst reports since July 21, 2015 according to SRatingsIntel.

In related news, Director Brian Mcauley sold 3,000 shares of United Rentals stock in a transaction that occurred on Thursday, February 2nd. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Craig Adam Pintoff sold 3,489 shares of the firm's stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $127.49, for a total value of $444,812.61. Following the completion of the sale, the senior vice president now directly owns 27,689 shares in the company, valued at $3,530,070.61. The disclosure for this sale can be found here. (URI) now has a value of $119.45 while the company's 52 week low is at $56.01, the shares dropped to the 52 week low on 04/21/16. (NYSE:URI) for 14,480 shares. Argus Research initiated United Rentals, Inc. Robinson Capital Management Llc owns 212,177 shares or 1.68% of their USA portfolio. The Vanguard Group is the second biggest holder with 9 million shares now valued at 618.30 million whilst State Street Corp has 6 million shares valued at 685.44 million.

United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.

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