United Rentals, Inc. (NYSE: URI) closed the day trading at $664.30 down -1.75% from the previous closing price of $676.14. In other words, the price has decreased by -$11.84 from its previous closing price. On the day, 550990 shares were traded.
Ratios:
For a better understanding of URI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 122.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.40. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 1.56 whereas as Long-Term Debt/Eq ratio is at 1.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on January 08, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $500.
On January 05, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Outperform but kept the price unchanged to $485.
UBS Downgraded its Buy to Neutral on December 05, 2023, whereas the target price for the stock was revised from $504 to $525.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when PINTOFF CRAIG ADAM sold 2,184 shares for $659.25 per share. The transaction valued at 1,439,811 led to the insider holds 16,652 shares of the business.
Gross Joli L. sold 440 shares of URI for $298,144 on Mar 07 ’24. The SVP, Chief LGL & Sustain. Off. now owns 4,543 shares after completing the transaction at $677.60 per share. On Feb 15 ’24, another insider, Grace William E., who serves as the EVP, CFO of the company, sold 775 shares for $655.62 each. As a result, the insider received 508,104 and left with 6,323 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, URI now has a Market Capitalization of 45.43B and an Enterprise Value of 57.73B. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.78, and their Forward P/E ratio for the next fiscal year is 14.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11 while its Price-to-Book (P/B) ratio in mrq is 5.50. Its current Enterprise Value per Revenue stands at 4.03 whereas that against EBITDA is 8.71.
Stock Price History:
Over the past 52 weeks, URI has reached a high of $732.37, while it has fallen to a 52-week low of $325.15. The 50-Day Moving Average of the stock is 624.64, while the 200-Day Moving Average is calculated to be 493.66.
Shares Statistics:
Over the past 3-months, URI traded about 635.19K shares per day on average, while over the past 10 days, URI traded about 522.84k shares per day. A total of 67.27M shares are outstanding, with a floating share count of 66.79M. Insiders hold about 0.60% of the company’s shares, while institutions hold 98.61% stake in the company. Shares short for URI as of Feb 15, 2024 were 3.19M with a Short Ratio of 5.02, compared to 3.74M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.75% and a Short% of Float of 5.42%.
Dividends & Splits
URI’s forward annual dividend rate is 6.07, up from 5.92 a year ago. Against a Trailing Annual Dividend Yield of 0.88%, it implies a Forward Annual Dividend Yield of 0.98%.
Earnings Estimates
Current recommendations for the stock of the company come from 15 analysts. On average, analysts expect EPS of $8.28 for the current quarter, with a high estimate of $8.81 and a low estimate of $7.79, while EPS last year was $7.95. The consensus estimate for the next quarter is $10.49, with high estimates of $10.97 and low estimates of $9.63.
Analysts are recommending an EPS of between $48.36 and $39.36 for the fiscal current year, implying an average EPS of $42.97. EPS for the following year is $47.19, with 19 analysts recommending between $54.81 and $43.22.
Revenue Estimates
13 analysts predict $3.45B in revenue for the current quarter. It ranges from a high estimate of $3.55B to a low estimate of $3.28B. As of the current estimate, United Rentals, Inc.’s year-ago sales were $3.15B, an estimated increase of 9.40% from the year-ago figure.
A total of 19 analysts have provided revenue estimates for URI’s current fiscal year. The highest revenue estimate was $15.29B, while the lowest revenue estimate was $14.68B, resulting in an average revenue estimate of $14.99B. In the same quarter a year ago, actual revenue was $14.33B, up 4.60% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $15.61B in the next fiscal year. The high estimate is $16.3B and the low estimate is $14.77B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.
