Technical Outlook And Game Plan For United Rentals, Inc. (NYSE: URI)

United Rentals, Inc. (URI) concluded trading on Thursday at a closing price of $721.11, with 0.44 million shares of worth about $315.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.60% during that period and on March 28, 2024 the price saw a gain of about 0.13%. Currently the company’s common shares owned by public are about 67.27M shares, out of which, 66.79M shares are available for trading.

Stock saw a price change of 0.29% in past 5 days and over the past one month there was a price change of 5.09%. Year-to-date (YTD), URI shares are showing a performance of 25.76% which increased to 92.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $325.15 but also hit the highest price of $732.37 during that period. The average intraday trading volume for United Rentals, Inc. shares is 587.20K. The stock is currently trading 4.33% above its 20-day simple moving average (SMA20), while that difference is up 9.60% for SMA50 and it goes to 40.33% higher than SMA200.

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United Rentals, Inc. (NYSE: URI) currently have 67.27M outstanding shares and institutions hold larger chunk of about 98.55% of that.

The stock has a current market capitalization of $48.45B and its 3Y-monthly beta is at 1.84. PE ratio of stock for trailing 12 months is 20.39, while it has posted earnings per share of $35.36 in the same period. Its PEG reads 2.34 and has Quick Ratio of 0.75 while making debt-to-equity ratio of 1.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for URI, volatility over the week remained 1.59% while standing at 2.37% over the month.

Analysts are in expectations that United Rentals, Inc. (URI) stock would likely to be making an EPS of $8.3 in the current quarter, while forecast for next quarter EPS is $10.52 and it is $47.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $7.79 which is $8.81 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $7.95 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.68% while it is estimated to increase by 8.64% in next year. EPS is likely to shrink at an annualized rate of 8.70% for next 5-years, compared to annual growth of 21.88% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on March 14, 2024 offering a Buy rating for the stock and assigned a target price of $793 to it. Coverage by Morgan Stanley stated United Rentals, Inc. (URI) stock as an Equal-weight in their note to investors on January 08, 2024, suggesting a price target of $500 for the stock. On January 05, 2024, Exane BNP Paribas Downgrade their recommendations, while on December 05, 2023, UBS Downgrade their ratings for the stock with a price target of $525. Stock get a Sector weight rating from KeyBanc Capital Markets on December 04, 2023.

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