Zacks Investment Research downgraded United Rentals, Inc. (NYSE:URI) to Hold in a report released today.
- Updated: September 24, 2016
Yesterday United Rentals, Inc. (NYSE:URI) traded 0.21% higher at $75.66. The company’s 50-day moving average is $79.66 and its 200-day moving average is $69.62. The last stock close price is up 8.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,158,085 shares of the stock were exchanged, up from an average trading volume of 1,843,630
Zacks Investment Research has downgraded United Rentals, Inc. (NYSE:URI) to Hold in a report released on 09/22/2016.
Previously on Wednesday September 07, 2016, Deutsche Bank reported about United Rentals, Inc. (NYSE:URI) raised the target price from $0.00 to $79.00. At the time, this indicated a possible downside of -0.04%.
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United Rentals, Inc. has a 52 week low of $41.90 and a 52 week high of $84.63 with a P/E ratio of 11.39 The company’s market cap is currently $0.
Also covering United Rentals, Inc.'s price target, a total of 15 analysts have released a report on United Rentals, Inc.. The 12-month price target is $61.21 with three analysts rating the company a strong buy, three equity analysts rating the company a buy, ten equity analysts rating the company a hold, four equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For United Rentals, Inc. (NYSE:URI)
United Rentals, Inc. is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc. (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools. The trench, power and pump segment includes the rental of specialty construction products and related services. The trench, power and pump segment consists of the Trench Safety region; the Power and heating, ventilating and air conditioning (HVAC) region, and the Pump Solutions region. The Company operates approximately 900 rental locations.
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