URI (NYSE:URI) Target Raised by Morgan Stanley – 3 stars to $275.00

URI stock has undergone multiple analysts rating changes in the recent past.  United Rentals stock Target Raised by Morgan Stanley – 3 stars on 10/13/2021. In a note to investors, the firm issued a new target price of $275.00. The analysts previously had $268.00 target price. Morgan Stanley – 3 stars’s price target would indicate a potential upside of -19.68% from the stock’s previous close.

Shares of United Rentals traded down -$3.27 on Wednesday, reaching $339.45. 387904 shares of the stock traded hands, compared to its average volume of 594248. On Wednesday, Shares of United Rentals closed at $339.45. The firm’s 50 day moving average is $345.55 and its 200 day moving average is $314.59.United Rentals  has a 12 month low of $167.25 and a 12 month high of $369.22. While on yearly highs and lows, United Rentals today has traded high as $347.35 and has touched $336.97 on the downward trend.

United Rentals Earnings and What to expect: 

United Rentals last issued its quarterly earnings results on July 28th, 2021. The construction company reported $4.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by $0.15. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. United Rentals has generated $17.44 earnings per share over the last year ($13.78 diluted earnings per share) and currently has a price-to-earnings ratio of 24.6. Earnings for United Rentals are expected to grow by 15.79% in the coming year, from $21.66 to $25.08 per share. United Rentals has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 27th, 2021 based off prior year’s report dates.

Earnings for United Rentals are expected to grow by 15.79% in the coming year, from $21.66 to $25.08 per share. The P/E ratio of United Rentals is 24.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of United Rentals is 24.63, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 19.08. United Rentals has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued. United Rentals has a P/B Ratio of 5.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

United Rentals (NYSE:URI) Moving Average Technical Analysis

5 day Moving Average is $$344.01 And 5 day price change is -$7.22 (-2.08%)  with average volume for 5 day average is 433,420. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $348.68 and 20 day price change is -$2.15 (-0.63%) and average 20 day moving volume is 652,230. 50 day moving average is $345.55  and 50 day price change is $1.22 ( 0.36%)  and with average volume for 50 days is : 556,432. 200 day moving average is $314.59  and 200 day price change is $112.46 (49.54%)  and with average volume for 200 days is : 711,114.

Other owners latest trading in URI :

  • On 10/13/2021 shares held by Scout Investments Inc. were 162,238 which equates to market value of $56.93M and appx 0.80% owners of URI
  • On 10/13/2021 shares held by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH were 1,284 which equates to market value of $0.45M and appx 0.10% owners of URI
  • On 10/13/2021 shares held by Northcape Capital Pty Ltd were 11,623 which equates to market value of $4.08M and appx 0.40% owners of URI
  • In total Institutional ownership equates to Institutional Ownership Percentage: 88.94% for URI

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