The stock of United Rentals, Inc. (URI) has seen a -6.75% decrease in the past week, with a -11.29% drop in the past month, and a 10.00% flourish in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 2.45% for URI. The simple moving average for the past 20 days is -8.98% for URI’s stock, with a 17.84% simple moving average for the past 200 days.
Is It Worth Investing in United Rentals, Inc. (NYSE: URI) Right Now?
The price-to-earnings ratio for United Rentals, Inc. (NYSE: URI) is above average at 17.79x. The 36-month beta value for URI is also noteworthy at 1.84. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 6 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
The public float for URI is 66.84M, and at present, short sellers hold a 3.61% of that float. The average trading volume of URI on April 19, 2024 was 584.86K shares.
URI) stock’s latest price update
The stock price of United Rentals, Inc. (NYSE: URI) has dropped by -0.58 compared to previous close of 632.88. Despite this, the company has seen a fall of -6.75% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-19 that Get a deeper insight into the potential performance of United Rentals (URI) for the quarter ended March 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Analysts’ Opinion of URI
Many brokerage firms have already submitted their reports for URI stocks, with Truist repeating the rating for URI by listing it as a “Buy.” The predicted price for URI in the upcoming period, according to Truist is $793 based on the research report published on March 14, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see URI reach a price target of $500. The rating they have provided for URI stocks is “Equal-Weight” according to the report published on January 08th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to URI, setting the target price at $485 in the report published on January 05th of the current year.
URI Trading at -7.31% from the 50-Day Moving Average
After a stumble in the market that brought URI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.08% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -12.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.69% lower at present.
During the last 5 trading sessions, URI fell by -6.84%, which changed the moving average for the period of 200-days by +42.35% in comparison to the 20-day moving average, which settled at $686.82. In addition, United Rentals, Inc. saw 9.73% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at URI starting from PINTOFF CRAIG ADAM, who sale 2,184 shares at the price of $659.25 back on Mar 11 ’24. After this action, PINTOFF CRAIG ADAM now owns 16,652 shares of United Rentals, Inc., valued at $1,439,811 using the latest closing price.
Gross Joli L., the SVP, Chief LGL & Sustain. Off. of United Rentals, Inc., sale 440 shares at $677.60 during a trade that took place back on Mar 07 ’24, which means that Gross Joli L. is holding 4,543 shares at $298,144 based on the most recent closing price.
Stock Fundamentals for URI
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.41 for the gross margin
The net margin for United Rentals, Inc. stands at 0.17. The total capital return value is set at 0.17. Equity return is now at value 31.91, with 9.50 for asset returns.
Based on United Rentals, Inc. (URI), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 6.04.
Currently, EBITDA for the company is 6.66 billion with net debt to EBITDA at 2.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.81. The receivables turnover for the company is 6.41for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In summary, United Rentals, Inc. (URI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
