United Rentals (URI) has risen sharply, recording gains of 11.77% in the past 4 weeks. However, the stock has corrected -1.36% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 9.06%. United Rentals (NYSE:URI): On Fridays trading session , Opening price of the stock was $78.68 with an intraday high of $79.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $77.85. However, the stock managed to close at $78.37, a loss of 0.66% for the day. On the previous day, the stock had closed at $78.89. The total traded volume of the day was 1,223,268 shares.
The company Insiders own 1.3% of United Rentals shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.79% . Institutional Investors own 94.87% of United Rentals shares. During last six month period, the net percent change held by insiders has seen a change of -16.52%. Also, Equity Analysts at the Citigroup maintains the rating on United Rentals (NYSE:URI). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $72 per share to $85 per share. The rating by the firm was issued on June 13, 2016.
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 3,300 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.