As of Friday close, United Rentals Inc.’s (NYSE:URI) stock was down -$1.29, moving down -0.28 percent to $451.41. The average number of shares traded per day over the past five days has been 743,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$36.79 fall in that time frame. In the last twenty days, the average volume was 822,510, while in the previous 50 days, it was 823,996.
Since last month, URI stock retreated -1.60%. Shares of the company fell to $413.60 on 07/27/23, the lowest level in the past month. A 52-week high of $492.21 was reached on 08/07/23 after having rallying from a 52-week low of $256.23. Since the beginning of this year, URI’s stock price has risen by 27.01% or $95.99, and marked a new high 18 times. However, the stock has declined by -8.29% since its 52-week high.
URI stock investors should be aware that United Rentals Inc. (URI) stock had its last reported insider trading activity 113 days ago on Apr 28. Grace William E., the EVP, CFO of the company, disposed of 725 shares for $359.63 on Apr 28. It resulted in a $260,733 divestment by the insider. Flannery Matthew John sold 12,000 shares at an average price of $477.99 on Mar 09. The insider now owns 101,276 shares following the transaction. On Jan 27, EVP, Chief Operating Officer Asplund Dale A sold 13,392 shares at $436.26 apiece. The transaction was valued at $5,842,415.
Valuation Metrics
Right now, United Rentals Inc. (URI) has a P/E ratio of about 13.74. The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 2.31, the price-to-book (PB) ratio of 4.18, and the price-to-cash flow ratio of 168.24 may also be considered.
The latest dividend of $1.48 per share was paid out, remained unchanged from last year’s $1.48.
Financial Health
In the three months ended June 29, United Rentals Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.42, and the total debt-to-equity ratio was 1.61. On the profitability front, the trailing twelve-month gross margin is 41.90% percent. In the year ended June 29, EBITDA margin amounted to 46.80%, whereas operating margins totaled 27.40%. Based on annual data, URI earned $5.0 billion in gross profit and brought in $11.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.80%. Return on equity (ROE) for the past 12 months was 32.70%.
In United Rentals Inc.’s quarter-end financial report for June 29, it reported total debt of $10.49 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. URI’s revenue rose 22.03% to $3.29 billion during the quarter, while net income inched up to $3.55 billion. While analysts expected United Rentals Inc. to report $9.01 quarterly earnings, the actual figure was $9.88 per share, beating the consensus estimate by 9.70%. During the quarter, the company generated $1.62 billion in EBITDA. The liabilities of United Rentals Inc. were 18.09 billion at the end of its most recent quarter ended June 29, and its total debt was $12.83 billion. The value of shareholders’ equity is $68.28 million.
Technical Picture
This quick technical analysis looks at United Rentals Inc.’s (URI) price momentum. With a historical volatility rate of 21.92%, the RSI 9-day stood at 36.30% on 18 August.
With respect to its five-day moving average, the current United Rentals Inc. price is down by -7.54% percent or -$36.79. At present, URI shares trade +0.22% above its 20-day simple moving average and +21.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.48% above its SMA50 and +42.98% above its SMA200.
Stochastic coefficient K was 26.05% and Stochastic coefficient D was 49.71%, while ATR was 15.09. Given the Stochastic reading of 21.04% for the 14-day period, the RSI (14) reading has been calculated as 45.06%. As of today, the MACD Oscillator reading stands at -18.03, while the 14-day reading stands at -17.24.
Analyst Ratings
United Rentals Inc. (URI) has been rated Overweight by analysts. According to 1 brokerage firm, URI is a sell, and 6 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate United Rentals Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $512.50, the current consensus forecast for the stock is $302.00 – $980.00. Based on these forecasts, analysts predict United Rentals Inc. (URI) will achieve an average price target of $503.06.
