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BofA Merrill Reconfirms $230.0 Price Objective On United Rentals (NYSE:URI), Reconfirms Buy Rating

Banc of America Analyst Rating Change United Rentals NYSE:URI

United Rentals (NYSE:URI) Rating Restated

BofA Merrill currently has a $230.0 TP on the $13.02B market cap company or 26.44 % upside potential. In an analyst report revealed to investors and clients on Friday, 26 January, United Rentals (NYSE:URI) stock had its Buy Rating restate by investment analysts at BofA Merrill.

NYSE:URI is now trading 1.61% higher at $153.94 as of 8:04 AM New York time. United Rentals’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has risen 6.00% over the same time period.

According to data compiled by Thomson Reuters, United Rentals (NYSE:URI)’s stock is covered by 15 equity analysts across the Street, with 4 analysts giving it a Sell rating, 6 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $61.21, which reflects an downside potential of 60.24% over the current price.

Institutional Ownership

Longbow Capital Partners L.P. had the biggest stake with ownership of 2,900 shares as of Q2 2015 for 60.32% of the fund portfolio. Marcato Capital Management Lp is another notably bullish investment professional who is possessing 1.05 million shares of United Rentals or 7.13% of their fund portfolio. Furthermore, Bronson Point Management Llc have 4.15% of their fund portfolio invested in the company for 175,000 shares. The New York-based fund P.R. Herzig & Co. Inc. disclosed it had purchased so far a stake worth about 3.04% of the investment professional’s stock portfolio in United Rentals. The Illinois-based fund Graybill Bartz & Assoc Ltd is also positive about the stock, possessing 19,775 shares or 2.83% of their fund portfolio.

United Rentals (NYSE:URI) Profile

United Rentals North America IncUnited Rentals, Inc. is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump.

United Rentals (NYSE:URI) traded up 1.61% on 26 January, hitting $153.94. A total of 603,032 shares of the company’s stock traded hands. This is down from average of 1.35 million shares. United Rentals has a 52 week low of $91.72 and a 52 week high of $155. The company has a market cap of $13.02 billion and a P/E ratio of 21.84.

Get the latest United Rentals (NYSE:URI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post BofA Merrill Reconfirms $230.0 Price Objective On United Rentals (NYSE:URI), Reconfirms Buy Rating appeared first on Octafinance.



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BofA Merrill Reconfirms $230.0 Price Objective On United Rentals (NYSE:URI), Reconfirms Buy Rating

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