Piper Jaffray Starts Stock Coverage on United Rentals (URI)
Equities research analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of United Rentals (NYSE: URI) in a research note issued to investors on Tuesday. The firm set an “overweight” rating on the stock.
A number of other firms have also recently commented on URI. Analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of United Rentals from $53.00 to $55.00 in a research note to investors on Friday, May 11st. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of United Rentals from $50.00 to $55.00 in a research note to investors on Thursday, April 19th. They now have a “buy” rating on the stock.
United Rentals opened at 31.91 on Tuesday. United Rentals has a 52-week low of $12.81 and a 52-week high of $47.98. The company has a market cap of $2.035 billion and a price-to-earnings ratio of 18.27.
United Rentals last released its earnings data on Tuesday, April 17th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.30. United Rentals’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that United Rentals will post $1.14 EPS next quarter.
United Rentals, Inc. (United Rentals) is an equipment rental company and its network consists of 569 rental locations in the United States, Canada and Mexico.