Citigroup Maintains United Rentals to Buy with Price Target $85.00

Brokerage firm Citigroup Maintains its rating on United Rentals(NYSE:URI). In a research note issued to the investors, the brokerage major Raises the price-target to $85.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 13, 2016.

In a different note, On May 6, 2016, Goldman Sachs said it Downgrades its rating on United Rentals. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Sell’ by the firm. On Apr 22, 2016, Bank of America said it Downgrades its rating on United Rentals. The shares have been rated ‘Underperform’ by the firm. On Apr 22, 2016, RBC Capital said it Downgrades its rating on United Rentals. The shares have been rated ‘Sector Perform’ by the firm. On Apr 18, 2016, Avondale Partners said it Maintains its rating on United Rentals. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Apr 4, 2016, Jefferies said it Maintains its rating on United Rentals. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 1, 2016, Oppenheimer said it Downgrades its rating on United Rentals. The shares have been rated ‘Perform’ by the firm.

United Rentals (URI) made into the market gainers list on Fridays trading session with the shares advancing 0.91% or 0.61 points. Due to strong positive momentum, the stock ended at $67.62, which is also near the day’s high of $68.79. The stock began the session at $67.64 and the volume stood at 31,08,914 shares. The 52-week high of the shares is $93.35 and the 52 week low is $41.9. The company has a current market capitalization of $5,985 M and it has 8,85,02,401 shares in outstanding.

United Rentals(URI) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.31B. Analysts had an estimated revenue of $1.29B. Earnings per share were $1.40. Analysts had estimated an EPS of $1.17.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Singleton B Mcallister (director) sold 5,600 shares at $60.69 per share price.Also, On May 10, 2016, Dale A Asplund (SVP – Business Services & CIO) sold 6,500 shares at $61.33 per share price.On Apr 25, 2016, Michael Kneeland (President & C.E.O.) sold 20,000 shares at $63.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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 3300 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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