OTR Global Upgrades United Rentals to Positive

Brokerage firm OTR Global Upgrades its rating on United Rentals(NYSE:URI). The shares have been rated Positive. Previously, the analysts had a Mixed rating on the shares. The rating by OTR Global was issued on Sep 23, 2016.

In a different note, Deutsche Bank said it Initiates Coverage on United Rentals, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Hold’ by the firm. Macquarie said it Initiates Coverage on United Rentals, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Underperform’ by the firm. On Aug 18, 2016, Bank of America said it Upgrades its rating on United Rentals. The shares have been rated ‘Neutral’ by the firm.

United Rentals (URI) shares turned negative on Tuesdays trading session with the shares closing down -0.73 points or -0.99% at a volume of 19,16,232. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $73.95. The peak price level was also seen at $73.95 while the days lowest was $72.85. Finally the shares closed at $73.22. The 52-week high of the shares is $84.63 while the 52-week low is $41.9. According to the latest information available, the market cap of the company is $6,309 M.

United Rentals(URI) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.42B. Analysts had an estimated revenue of $1.40B. Earnings per share were $2.06. Analysts had estimated an EPS of $1.82.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, William B Plummer (EVP & CFO) sold 15,811 shares at $78.74 per share price.Also, On Aug 29, 2016, Brian Mcauley (director) sold 4,000 shares at $81.09 per share price.On Aug 1, 2016, Lawrence Keith Wimbush (director) sold 3,000 shares at $79.04 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

United Rentals - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Rentals. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.