Analyst Price Target Update on United Rentals (NYSE:URI)

United Rentals (NYSE:URI): 10 analysts have set the short term price target of United Rentals (NYSE:URI) at $67.1. The standard deviation of short term price target has been estimated at $10.55, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 80 and $50 respectively.

Many analysts have stated their opinion on the company shares. Goldman Sachs downgrades their rating on the shares of United Rentals (NYSE:URI). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm lowers the price target to $58 per share from $60 per share. The rating by the firm was issued on May 6, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The director of United Rentals Inc /De, Mcallister Singleton B sold 5,600 shares at $60.69 on May 13, 2016. The Insider selling transaction had a total value worth of $339,864. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

United Rentals (NYSE:URI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.2 points or 1.68% at $70.31 with 1,402,814 shares getting traded. Post opening the session at $71.18, the shares hit an intraday low of $70.19 and an intraday high of $71.7 and the price was in this range throughout the day. The company has a market cap of $6,223 million and the number of outstanding shares have been calculated to be 88,502,401 shares. The 52-week high of United Rentals (NYSE:URI) is $93.35 and the 52-week low is $41.9.

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.

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