10 analysts have shared their evaluations of United Rentals URI during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 2 | 3 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 2 | 0 |
| 2M Ago | 0 | 0 | 1 | 1 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
Analysts have set 12-month price targets for United Rentals, revealing an average target of $587.8, a high estimate of $740.00, and a low estimate of $400.00. This current average reflects an increase of 22.14% from the previous average price target of $481.25.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive United Rentals is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Raso | Evercore ISI Group | Raises | Outperform | $740.00 | $575.00 |
| Mircea Dobre | Baird | Raises | Underperform | $559.00 | $322.00 |
| Adam Seiden | Barclays | Raises | Underweight | $400.00 | $325.00 |
| Jerry Revich | Goldman Sachs | Raises | Buy | $718.00 | $510.00 |
| Seth Weber | Wells Fargo | Raises | Overweight | $710.00 | $630.00 |
| Angel Castillo | Morgan Stanley | Announces | Equal-Weight | $500.00 | - |
| Tom Burlton | Exane BNP Paribas | Announces | Underperform | $485.00 | - |
| Stanley Elliott | Stifel | Raises | Buy | $591.00 | $494.00 |
| Timothy Thein | Citigroup | Raises | Buy | $650.00 | $490.00 |
| Steven Fisher | UBS | Raises | Neutral | $525.00 | $504.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to United Rentals. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of United Rentals compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for United Rentals's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of United Rentals's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on United Rentals analyst ratings.
Unveiling the Story Behind United Rentals
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.
Breaking Down United Rentals's Financial Performance
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: United Rentals's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 13.11%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: United Rentals's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.21%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): United Rentals's ROE excels beyond industry benchmarks, reaching 8.55%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): United Rentals's ROA stands out, surpassing industry averages. With an impressive ROA of 2.64%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.56.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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