Headlines about United Rentals (NYSE:URI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Rentals earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.4999684591756 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- Brokers Issue Forecasts for United Rentals, Inc.’s Q1 2018 Earnings (URI) (americanbankingnews.com)
- Contrasting Lionbridge Technologies (LIOX) & United Rentals (URI) (americanbankingnews.com)
- United Rentals (URI) Rating Reiterated by Royal Bank of Canada (americanbankingnews.com)
- Notable Thursday Option Activity: Z, DFS, URI (nasdaq.com)
- United Rentals, Inc. Fourth Quarter and Full Year 2017 Conference Call and Audio Webcast (finance.yahoo.com)
Shares of United Rentals (NYSE URI) traded up $0.90 during mid-day trading on Friday, hitting $180.89. The stock had a trading volume of 878,564 shares, compared to its average volume of 1,132,067. United Rentals has a twelve month low of $100.62 and a twelve month high of $182.86. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $15,300.00, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 0.74 and a beta of 2.67.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. United Rentals’s revenue for the quarter was up 17.1% compared to the same quarter last year. analysts anticipate that United Rentals will post 10.52 EPS for the current fiscal year.
United Rentals declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 18th that allows the company to buyback $373.00 million in outstanding shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
A number of brokerages recently issued reports on URI. Royal Bank of Canada restated a “buy” rating and issued a $194.00 target price on shares of United Rentals in a report on Thursday. Stifel Nicolaus lifted their target price on United Rentals from $133.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Jefferies Group lifted their target price on United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Deutsche Bank restated a “hold” rating and issued a $157.00 target price (up from $130.00) on shares of United Rentals in a report on Tuesday, October 3rd. Finally, UBS Group set a $150.00 target price on United Rentals and gave the stock a “hold” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $159.68.
In other news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on Friday, October 20th. The stock was sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the transaction, the insider now owns 272,292 shares in the company, valued at $39,406,098.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew John Flannery sold 22,324 shares of United Rentals stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total value of $3,291,450.56. Following the sale, the chief operating officer now directly owns 31,243 shares of the company’s stock, valued at approximately $4,606,467.92. The disclosure for this sale can be found here. Insiders have sold 91,760 shares of company stock worth $13,873,111 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.
About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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