United Rentals (URI) : The consensus on United Rentals (URI) based on 15 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on United Rentals (URI).
United Rentals (URI) stock is expected to deviate a maximum of $10.79 from the average target price of $66.22 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $80 and the most muted being $50.
Company shares have received an average consensus rating of Hold for the current week
United Rentals (NYSE:URI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.38 and $69.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.29, notching a gain of 2.97% for the day. The total traded volume was 1,699,905 . The stock had closed at $68.26 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.