The stock of United Rentals, Inc. (URI) has seen a 6.61% increase in the past week, with a -4.27% drop in the past month, and a 3.54% flourish in the past quarter. The volatility ratio for the week is 3.18%, and the volatility levels for the past 30 days are at 2.63% for URI. The simple moving average for the past 20 days is -0.47% for URI’s stock, with a 25.39% 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 18.27x, which is above its average ratio. Moreover, the 36-month beta value for URI is 1.83. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 6 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for URI is 66.84M and currently, short sellers hold a 3.77% of that float. On April 25, 2024, URI’s average trading volume was 581.10K shares.
URI) stock’s latest price update
United Rentals, Inc. (NYSE: URI)’s stock price has plunge by 2.98relation to previous closing price of 655.19. Nevertheless, the company has seen a 6.61% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Although the revenue and EPS for United Rentals (URI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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 -0.49% 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 -7.87% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares sank -7.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.74% upper at present.
During the last 5 trading sessions, URI rose by +5.40%, which changed the moving average for the period of 200-days by +45.87% in comparison to the 20-day moving average, which settled at $675.26. In addition, United Rentals, Inc. saw 17.67% 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 32.98, with 9.81 for asset returns.
Based on United Rentals, Inc. (URI), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 6.12.
Currently, EBITDA for the company is 6.66 billion with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 6.54for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To wrap up, the performance of United Rentals, Inc. (URI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
