Analyst Rating Update on United Rentals (URI)

United Rentals (URI) : Zacks Investment Research ranks United Rentals (URI) as 1, which is a Strong Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.43, which indicates as a Buy.

United Rentals (URI) : 9 investment research analysts covering United Rentals (URI) have an average price target of $72.89 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $50 for the short term. Analysts expect the variance to be within $16.3 of the average price.

Company shares have received an average consensus rating of Hold for the current week


United Rentals (NYSE:URI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.47 and $75.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.60, notching a gain of 1.70% for the day. The total traded volume was 1,284,724 . The stock had closed at $75.32 on the previous day.

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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