Stock Worth Mentioning Today: Is Buying 52-Week Stock Like United Rentals, Inc. a Winning Strategy?

Stock Worth Mentioning Today: Is Buying 52 Week Stock Like United Rentals, Inc. a Winning Strategy?

The stock of United Rentals, Inc. (NYSE:URI) hit a new 52-week high and has $106.24 target or 23.00% above today’s $86.37 share price. The 8 months bullish chart indicates low risk for the $7.25B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $106.24 price target is reached, the company will be worth $1.67 billion 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 5.06 million shares traded hands or 149.26% up from the average. United Rentals, Inc. (NYSE:URI) has risen 30.92% since April 7, 2016 and is uptrending. It has outperformed by 26.14% the S&P500.

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

Out of 20 analysts covering United Rentals Inc. (NYSE:URI), 5 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 25% are positive. United Rentals Inc. has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wells Fargo on Friday, July 24 to “Market Perform”. UBS downgraded the stock to “Sell” rating in Friday, October 14 report. The stock of United Rentals, Inc. (NYSE:URI) has “Buy” rating given on Monday, June 13 by Citigroup. As per Friday, July 24, the company rating was downgraded by RBC Capital Markets. The stock of United Rentals, Inc. (NYSE:URI) earned “Perform” rating by Oppenheimer on Friday, April 1. As per Friday, September 25, the company rating was upgraded by Bank of America. On Friday, January 29 the stock rating was downgraded by Susquehanna to “Neutral”. The firm has “Sector Perform” rating given on Friday, July 22 by RBC Capital Markets. The firm has “Buy” rating given on Monday, January 18 by Longbow. On Friday, January 29 the stock rating was downgraded by Longbow to “Neutral”.

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 decreased to 0.69 in 2016 Q2. Its down 0.22, from 0.91 in 2016Q1. The ratio fall, 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.
The Germany-based Deutsche Bancorp Ag has invested 0.02% in United Rentals, Inc. (NYSE:URI). Loomis Sayles And Com L P has 0.08% invested in the company for 458,772 shares. Advisory Svcs Networks reported 3,228 shares or 0.05% of all its holdings. Morgan Stanley has invested 0.01% of its portfolio in United Rentals, Inc. (NYSE:URI). Guggenheim Cap Lc owns 392,588 shares or 0.08% of their US portfolio. At Bank holds 160,125 shares or 1.6% of its portfolio. Netols Asset Management Inc last reported 74,067 shares in the company. Brave Asset Management holds 0.02% or 400 shares in its portfolio. Moreover, Louisiana State Employees Retirement System has 0.02% invested in United Rentals, Inc. (NYSE:URI) for 5,800 shares. Convergence Inv Prns Ltd Liability Company owns 3,358 shares or 0.03% of their US portfolio. Keybank National Association Oh has 0.01% invested in the company for 22,862 shares. Trexquant Investment L P holds 0.37% of its portfolio in United Rentals, Inc. (NYSE:URI) for 42,500 shares. Lpl Limited Liability Com owns 6,774 shares or 0% of their US portfolio. Nelson Van Denburg And Campbell Wealth Mgmt Gru Limited Liability Corp, a Nebraska-based fund reported 50 shares. First Personal Fincl has 0.02% invested in the company for 755 shares.

Another recent and important United Rentals, Inc. (NYSE:URI) news was published by Businesswire.com which published an article titled: “United Rentals Opens Seven More Specialty Rental Branches” on November 09, 2016.

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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