United Rentals (URI) : Analyst Rating Update

United Rentals (URI) : 15 analysts are covering United Rentals (URI) and their average rating on the stock is 2.43, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. United Rentals (URI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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.

United Rentals (NYSE:URI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.81 and $61.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.66, notching a gain of 0.30% for the day. The total traded volume was 1,897,498 . The stock had closed at $63.47 on the previous day.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on United Rentals (NYSE:URI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $72 per share to $85 per share. The rating by the firm was issued on June 13, 2016. The company shares have dropped -20.71% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $83.31 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $68.30 and the 200 Day Moving Average price is recorded at $61.35.

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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