The stock price of United Rentals, Inc (NYSE: URI) has plunged by -0.62 when compared to previous closing price of 812.80, but the company has seen a -0.58% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-24 that United Rentals Inc. (NYSE:URI ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Matthew Flannery – President, Chief Executive Officer Ted Grace – Executive Vice President, Chief Financial Officer Conference Call Participants David Raso – Evercore ISI Michael Feniger – Bank of America Tim Thein – Raymond James Unknown Analyst – Goldman Sachs Robert Wertheimer – Melius Research Jamie Cook – Truist Securities Ken Newman – Keybanc Capital Kyle Menges – Citi Angel Castillo – Morgan Stanley Neil Tyler – Redburn Atlantic Scott Schneeberger – Oppenheimer Operator Good morning and welcome to the United Rental’s investor conference call. Please be advised that this call is being recorded.
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 21.10x. The 36-month beta value for URI is also noteworthy at 1.68. 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.”
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The public float for URI is 65.28M, and at present, short sellers hold a 3.60% of that float. The average trading volume of URI on November 01, 2024 was 439.67K shares.
URI’s Market Performance
The stock of United Rentals, Inc (URI) has seen a -0.58% decrease in the past week, with a 2.36% rise in the past month, and a 20.81% gain in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 2.31% for URI. The simple moving average for the past 20 days is -1.83% for URI’s stock, with a 15.36% simple moving average for the past 200 days.
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 3.34% 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 -6.26% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +2.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.16% upper at present.
During the last 5 trading sessions, URI fell by -0.13%, which changed the moving average for the period of 200-days by +44.03% in comparison to the 20-day moving average, which settled at $823.00. In addition, United Rentals, Inc saw 40.87% 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 900 shares at the price of $823.24 back on Oct 28 ’24. After this action, Leopold Anthony S. now owns 2,044 shares of United Rentals, Inc, valued at $740,918 using the latest closing price.
Anthony Leopold, the Officer of United Rentals, Inc, proposed sale 900 shares at $823.24 during a trade that took place back on Oct 28 ’24, which means that Anthony Leopold is holding shares at $740,912 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
- 0.39 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 31.40, with 9.46 for asset returns.
Based on United Rentals, Inc (URI), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.68. The interest coverage ratio of the stock is 6.02.
Currently, EBITDA for the company is 6.66 billion with net debt to EBITDA at 2.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.48. The receivables turnover for the company is 6.25for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In summary, United Rentals, Inc (URI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
