An analyst sees good growth prospects for United Rentals, Inc. (URI)

With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.56 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $645.0 whereas the lowest price it dropped to was $628.5701. The 52-week range on URI shows that it touched its highest point at $732.37 and its lowest point at $387.01 during that stretch. It currently has a 1-year price target of $720.65. With its current market cap of 42.45 billion, URI has annualized dividend of $6.22 while the current yield stands at 0.98%. Beta for the stock currently stands at 1.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of URI was down-trending over the past week, with a drop of -1.44%, but this was down by -0.54% over a month. Three-month performance dropped to -9.83% while six-month performance rose 16.14%. The stock gained 48.83% in the past year, while it has gained 11.16% so far this year. A look at the trailing 12-month EPS for URI yields 36.94 with Next year EPS estimates of 47.57. For the next quarter, that number is 10.53. This implies an EPS growth rate of 8.27% for this year and 7.85% for next year. EPS is expected to grow by 7.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.88%.

Float and Shares Shorts:

At present, 67.27 million URI shares are outstanding with a float of 66.25 million shares on hand for trading. On 2024-06-14, short shares totaled 3.23 million, which was 484.0 higher than short shares on 1715731200. In addition to Mr. Matthew J. Flannery as the firm’s President, CEO & Director, Mr. William Edward Grace serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.94825995 of URI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, URI reported revenue of $3485000000.0 and operating income of $853000000.0. The EBITDA in the recently reported quarter was $1542000000.0 and diluted EPS was $8.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for URI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.