In a report released yesterday, Scott Schneeberger from Oppenheimer maintained a Hold rating on United Rentals (URI). The company’s shares closed yesterday at $125.76.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 7.0% and a 60.7% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, General Finance, and XPO Logistics.
Currently, the analyst consensus on United Rentals is a Moderate Buy with an average price target of $158.
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Based on United Rentals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.31 billion and net profit of $310 million. In comparison, last year the company earned revenue of $1.73 billion and had a net profit of $183 million.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.
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United Rentals, Inc. engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.
