Oppenheimer reiterated their outperform rating on shares of United Rentals, Inc. (NYSE:URI) in a report released on Monday morning, MarketBeat reports. They currently have a $54.00 price objective on the stock, down from their previous price objective of $85.00.

A number of other brokerages also recently issued reports on URI. Longbow Research downgraded United Rentals from a buy rating to a neutral rating in a report on Friday. Goldman Sachs lowered their price target on United Rentals to $46.00 and set a neutral rating for the company in a research report on Friday. Morgan Stanley reaffirmed an overweight rating and set a $86.00 price target on shares of United Rentals in a research report on Friday, October 9th. Barclays lifted their price target on United Rentals from $77.00 to $80.00 and gave the stock an overweight rating in a research report on Friday, October 23rd. Finally, Vetr cut United Rentals from a buy rating to a hold rating and set a $81.07 price target for the company. in a research report on Monday, November 9th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $74.60.

United Rentals (NYSE:URI) opened at 48.83 on Monday. The stock has a 50 day moving average price of $62.83 and a 200 day moving average price of $68.02. United Rentals has a one year low of $44.59 and a one year high of $105.83. The firm has a market cap of $4.44 billion and a PE ratio of 8.04.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 27th. The company reported $2.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.31 by $0.12. During the same quarter in the previous year, the company earned $2.19 EPS. The firm earned $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities research analysts expect that United Rentals will post $8.17 EPS for the current year.

In other United Rentals news, VP Matthew John Flannery sold 17,500 shares of the company’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $73.90, for a total transaction of $1,293,250.00. Following the transaction, the vice president now directly owns 18,170 shares in the company, valued at $1,342,763. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William B. Plummer sold 2,703 shares of the company’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $73.97, for a total value of $199,940.91. Following the transaction, the chief financial officer now owns 68,482 shares in the company, valued at $5,065,613.54. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. P. R. Herzig & Company boosted its position in United Rentals by 3.8% in the fourth quarter. P. R. Herzig & Company now owns 22,125 shares of the company’s stock worth $1,605,000 after buying an additional 800 shares during the period. New England Research & Management increased its stake in shares of United Rentals by 7.3% in the fourth quarter. New England Research & Management now owns 17,200 shares of the company’s stock valued at $1,248,000 after buying an additional 1,175 shares during the period. J. W. Burns & Company increased its stake in shares of United Rentals by 4.5% in the fourth quarter. J. W. Burns & Company now owns 9,350 shares of the company’s stock valued at $678,000 after buying an additional 400 shares during the period. Nordea Investment Management AB increased its stake in shares of United Rentals by 1,519.7% in the fourth quarter. Nordea Investment Management AB now owns 48,671 shares of the company’s stock valued at $3,531,000 after buying an additional 45,666 shares during the period. Finally, Sentry Investment Management increased its stake in shares of United Rentals by 7.9% in the fourth quarter. Sentry Investment Management now owns 5,502 shares of the company’s stock valued at $399,000 after buying an additional 402 shares during the period.

United Rentals, Inc. (NYSE:URI) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc. (URNA), and its subsidiaries. It operates in two segments: general rentals and trench safety, power and heating, ventilating and air conditioning (HVAC), and pump solutions. The general rentals segment consists of around 12 geographic regions, including eastern Canada, Gulf South, Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Pacific West, South, Southeast and Western Canada, among others. The trench safety, power and HVAC, and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3,300 classes of equipment on an hourly, daily, weekly or monthly basis to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, Government entities and other customers.

12 Month Chart for NYSE:URI

Receive News & Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.