Price Don’t Lie: Could United Rentals, Inc. Lose its Strength? The Stock Reaches 52-Week High

Price Don't Lie: Could United Rentals, Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of United Rentals, Inc. (NYSE:URI) hit a new 52-week high and has $105.76 target or 6.00% above today’s $99.77 share price. The 7 months bullish chart indicates low risk for the $8.41B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $105.76 price target is reached, the company will be worth $504.60 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 863,385 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 41.47% since April 27, 2016 and is uptrending. It has outperformed by 36.25% 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 $194.72 million for 10.80 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. $110 is the highest target while $39 is the lowest. The $74.74 average target is -25.09% below today’s ($99.77) stock price. United Rentals Inc. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of United Rentals, Inc. (NYSE:URI) has “Market Perform” rating given on Friday, July 24 by Wells Fargo. As per Monday, October 24, the company rating was downgraded by Morgan Stanley. UBS maintained the stock with “Buy” rating in Friday, June 3 report. The stock of United Rentals, Inc. (NYSE:URI) earned “Hold” rating by Evercore on Tuesday, August 4. The firm has “Buy” rating given on Friday, January 15 by Longbow. The rating was initiated by Macquarie Research with “Underperform” on Friday, August 26. On Friday, August 21 the stock rating was initiated by Axiom Capital with “Sell”. On Thursday, November 10 the stock rating was upgraded by Goldman Sachs to “Neutral”. The stock of United Rentals, Inc. (NYSE:URI) has “Underperform” rating given on Tuesday, July 21 by Wolfe Research. Stifel Nicolaus maintained it with “Buy” rating and $92.0 target price in Friday, October 23 report.

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 Q2 2016. Its up 0.39, from 0.69 in 2016Q1. The ratio improved, 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.
Fincl Architects Inc has invested 0% of its portfolio in United Rentals, Inc. (NYSE:URI). Gilman Hill Asset Ltd Company reported 5,025 shares or 0.14% of all its holdings. One Trading Limited Partnership owns 675 shares or 0% of their US portfolio. Roosevelt Inv Group holds 81,082 shares or 0.42% of its portfolio. Texas Yale Capital has invested 0.05% of its portfolio in United Rentals, Inc. (NYSE:URI). Rhumbline Advisers accumulated 0.03% or 140,722 shares. Thrivent Fincl For Lutherans holds 150,907 shares or 0.05% of its portfolio. Fmr Limited Liability Corporation, a Massachusetts-based fund reported 5.95 million shares. The Texas-based Hbk Investments L P has invested 0.02% in United Rentals, Inc. (NYSE:URI). Paloma Prns Mngmt holds 0.04% or 53,666 shares in its portfolio. Synovus has invested 0% of its portfolio in United Rentals, Inc. (NYSE:URI). Barnett & has 160 shares for 0.01% of their US portfolio. Aqr Cap Mgmt Ltd Liability Company holds 0% of its portfolio in United Rentals, Inc. (NYSE:URI) for 31,171 shares. Plante Moran Financial Advsr Limited Liability Company holds 0.01% of its portfolio in United Rentals, Inc. (NYSE:URI) for 266 shares. Wellington Shields Ltd Com last reported 5,500 shares in the company.

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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