United Rentals Inc. (NYSE:URI) saw an upside of 3.98% to $484.35 after adding $18.54 on Monday. The 5-day average trading volume is 640,264 shares of the company’s common stock. It has gained $486.83 in the past week and touched a new high 2 times within the past 5 days. An average of 738,766 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 837,722.
URI’s 1-month performance is 11.71% or $53.14 on its low of $413.60 reached on 07/27/23. The company’s shares have touched a 52-week low of $256.23 and high of $481.99, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, URI has achieved 36.28% or $131.29 and has reached a new high 18 times. However, the current price is up 0.49% from the 52-week high price.
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Insider Transactions
URI stock investors last saw insider trading activity on Apr 28.Grace William E. (EVP, CFO) most recently sold 725 shares at $359.63 per share on Apr 28. This transaction cost the insider $260,733. President & CEO, Flannery Matthew John, sold 12,000 shares at a price of $477.99 on Mar 09. Then, on Jan 27, EVP, Chief Operating Officer Asplund Dale A sold 13,392 shares at a price of $436.26 per share. This transaction amounted to $5,842,415.
Valuation Metrics
URI stock has a beta of 1.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.50 while the price-to-book (PB) in the most recent quarter is 4.49.
United Rentals Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.42, while the total debt to equity was 1.61. In terms of profitability, the gross margin trailing 12 months is 41.90%. The trailing 12-month EBITDA margin is 46.80% while for the period ending June 29, United Rentals Inc.’s operating margin was 27.40%. The firm’s gross profit as reported stood at $5.0 billion against revenue of $11.64 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 16.58% to $591.0 million, while revenue of $451.0 million was 23.69% off the previous quarter. Analysts expected URI to announce $9.01 per share in earnings in its latest quarter, but it posted $9.88, representing a 9.70% surprise. EBITDA for the quarter stood at more than $1.62 billion. URI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 18.09 billion, with total debt at $12.83 billion. Shareholders hold equity totaling $68.28 million.
Let’s look briefly at United Rentals Inc. (URI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 72.51% to suggest the stock is trending Overbought, with historical volatility in this time period at 32.09%.
The stock’s 5-day moving average is $471.94, reflecting a +4.74% or $22.03 change from its current price. URI is currently trading +9.38% above its 20-day SMA, +16.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +45.79% and SMA200 by+64.78%.
Stochastic %K and %D was 87.16% and 85.32% and the average true range (ATR) pointed at 15.01. The RSI (14) points at 68.94%, while the 14-day stochastic is at 99.83% with the period’s ATR at 14.57. The stock’s 9-day MACD Oscillator is pointing at 10.67 and 13.46 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for URI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate URI as a “sell,”, while 6 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 13 have offered a “buy” rating.
What is URI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $302.00 and a high of $978.00, with their median price target at $507.00. Looking at these predictions, the average price target given by analysts is for United Rentals Inc. (URI) stock is $492.24.
