Stock Mover of the Day: What’s Ahead for United Rentals, Inc. After Touching 52-Week High?

Stock Mover of the Day: What's Ahead for United Rentals, Inc. After Touching 52 Week High?

The stock of United Rentals, Inc. (NYSE:URI) hit a new 52-week high and has $102.38 target or 5.00% above today’s $97.50 share price. The 7 months bullish chart indicates low risk for the $8.23 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $102.38 price target is reached, the company will be worth $411.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.71 million shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 45.00% since April 21, 2016 and is uptrending. It has outperformed by 39.67% the S&P500.

Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on January, 25. They expect $2.31 EPS, up 5.48% or $0.12 from last year’s $2.19 per share. URI’s profit will be $194.99M for 10.55 P/E if the $2.31 EPS becomes a reality. After $2.58 actual EPS reported by United Rentals, Inc. for the previous quarter, Wall Street now forecasts -10.47% negative EPS growth.

United Rentals, Inc. (NYSE:URI) Ratings Coverage

Out of 20 analysts covering United Rentals Inc. (NYSE:URI), 5 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 25% are positive. United Rentals Inc. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bank of America on Thursday, August 18 to “Neutral”. Morgan Stanley downgraded United Rentals, Inc. (NYSE:URI) on Monday, October 24 to “Equal-Weight” rating. The stock of United Rentals, Inc. (NYSE:URI) earned “Sell” rating by Axiom Capital on Friday, August 21. UBS maintained the stock with “Buy” rating in Friday, June 3 report. Wolfe Research initiated the shares of URI in a report on Tuesday, July 21 with “Underperform” rating. The stock has “Overweight” rating given by Barclays Capital on Friday, October 23. The rating was downgraded by UBS on Friday, October 14 to “Sell”. Longbow upgraded the shares of URI in a report on Friday, January 15 to “Buy” rating. The stock of United Rentals, Inc. (NYSE:URI) earned “Buy” rating by Jefferies on Monday, April 4. Citigroup maintained the shares of URI in a report on Monday, June 13 with “Buy” rating.

According to Zacks Investment Research, “United Rentals, Inc. is one of North America’s largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others.”

Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.39, from 0.69 in 2016Q1. The ratio increased, as 61 funds sold all United Rentals, Inc. shares owned while 185 reduced positions. 51 funds bought stakes while 119 increased positions. They now own 76.57 million shares or 5.79% less from 81.28 million shares in 2016Q1.
Amalgamated Retail Bank accumulated 15,083 shares or 0.07% of the stock. Breton Hill Capital Ltd has 10,842 shares for 0.23% of their US portfolio. Moreover, Natixis Asset has 0.09% invested in United Rentals, Inc. (NYSE:URI) for 11,741 shares. Gamco Investors Incorporated Et Al last reported 30,856 shares in the company. Cibc Ww Mkts Incorporated last reported 0.01% of its portfolio in the stock. Deere last reported 0.01% of its portfolio in the stock. Columbia Ptnrs L L C Investment accumulated 19,484 shares or 0.1% of the stock. Duncker Streett Com has 900 shares for 0.02% of their US portfolio. Acadian Asset Mgmt Limited Company accumulated 313 shares or 0% of the stock. Hartford Mngmt owns 20,838 shares or 0.03% of their US portfolio. Moreover, Deutsche Fincl Bank Ag has 0.02% invested in United Rentals, Inc. (NYSE:URI) for 377,766 shares. Hudock Cap Gru Limited Liability Company has 0% invested in the company for 36 shares. Panagora Asset Mngmt holds 0.19% or 566,113 shares in its portfolio. Silvercrest Asset Management Gru Ltd reported 4,406 shares or 0% of all its holdings. The California-based Wells Fargo & Co Mn has invested 0.01% in United Rentals, Inc. (NYSE:URI).

URI Company Profile

United Rentals, Inc. (United Rentals), incorporated on July 20, 1998, is a holding firm engaged in the business of equipment rental. The Firm conducts its activities through its subsidiary, United Rentals (North America), Inc. (URNA) and subsidiaries of URNA. It operates through two divisions: general rentals, and trench, power and pump. The Firm operates in approximately 900 rental locations. Approximately 770 of its locations are in the United States, and over 120 are in Canada.

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