The stock of United Rentals, Inc. (URI) has gone up by 4.00% for the week, with a 2.74% rise in the past month and a -7.24% drop in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are 2.99% for URI. The simple moving average for the past 20 days is 3.11% for URI’s stock, with a 12.05% 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 17.73x, which is above its average ratio. Moreover, the 36-month beta value for URI is 1.71. 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.”
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The public float for URI is 66.25M and currently, short sellers hold a 4.87% of that float. On July 04, 2024, URI’s average trading volume was 556.20K shares.
URI) stock’s latest price update
United Rentals, Inc. (NYSE: URI) has experienced a rise in its stock price by 1.41 compared to its previous closing price of 645.88. However, the company has seen a gain of 4.00% in its stock price over the last five trading days. zacks.com reported 2024-07-01 that The U.S. administration’s infrastructural push and solid momentum in its underlying business are set to drive United Rentals’ (URI) growth amid challenges.
Analysts’ Opinion of URI
Many brokerage firms have already submitted their reports for URI stocks, with Raymond James repeating the rating for URI by listing it as a “Outperform.” The predicted price for URI in the upcoming period, according to Raymond James is $750 based on the research report published on June 28, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see URI reach a price target of $745. The rating they have provided for URI stocks is “Buy” according to the report published on June 26th, 2024.
JP Morgan gave a rating of “Overweight” to URI, setting the target price at $780 in the report published on June 07th of the current year.
URI Trading at -0.71% 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 -10.56% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +3.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.
During the last 5 trading sessions, URI rose by +3.83%, which changed the moving average for the period of 200-days by +44.68% in comparison to the 20-day moving average, which settled at $636.37. In addition, United Rentals, Inc. saw 14.23% 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 Leopold Anthony S., who sale 1,981 shares at the price of $712.00 back on May 15 ’24. After this action, Leopold Anthony S. now owns 3,017 shares of United Rentals, Inc., valued at $1,410,472 using the latest closing price.
Durand Michael D, the EVP, Chief Operating Officer of United Rentals, Inc., sale 559 shares at $674.56 during a trade that took place back on May 03 ’24, which means that Durand Michael D is holding 8,052 shares at $377,081 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
- 0.4 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 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 1.53. 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 2.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.89. 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’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.
