United Rentals – Consensus Indicates Potential 15.6% Upside

Broker Ratings

United Rentals which can be found using ticker (URI) have now 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 560 and 296 suggesting an average Analsyt target price of $459.18. Given that the stocks previous close was at $397.16 and the analysts are correct then there would likely be a percentage uptick in value of 15.6%. There is a 50 day moving average of $429.73 and the 200 day moving average is $335.82. The market capitalization for the company is $27,547m. Company Website: https://www.unitedrentals.com

The potential market cap would be $31,849m based on the market consensus.

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United Rentals, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, at auctions, and directly to manufacturers. The company operates a network of 1,521 rental locations in the United States, Canada, Europe, Australia, and New Zealand. United Rentals was incorporated in 1997 and is headquartered in Stamford, Connecticut.

The company has a dividend yield of 1.5% with the ex dividend date set at 7-2-2023 (DMY).

Other points of data to note are a P/E ratio of 14.02, revenue per share of 164.66 and a 9.16% return on assets.

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