United Rentals was Upgraded to a Hold Rating at Goldman Sachs

By Jason Carr

Goldman Sachs analyst Jerry Revich upgraded United Rentals (NYSE: URI) to Hold today and set a price target of $90. The company’s shares opened today at $89.04, close to its 52-week high of $92.80.

According to TipRanks.com, Revich is a 4-star analyst with an average return of 6.7% and a 62.5% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Granite Construction Inc., Martin Marietta Materials, and Mueller Water Products.

United Rentals has an analyst consensus of Moderate Buy, with a price target consensus of $90.

Based on United Rentals’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.51 billion and quarterly net profit of $187 million. In comparison, last year the company earned revenue of $1.55 billion and had a net profit of $215 million.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Last month, Lawrence Keith Wimbush, a Director at URI sold 800 shares for a total of $61,076.

United Rentals, Inc. operates as a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two segments: General Rentals; and Trench, power and pump. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The trench, power and pump segment includes the rental of specialty construction products and related services. It comprises of Trench Safety region, which rents trench safety equipment such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work, the Power and HVAC region, which rents power and HVAC equipment such as portable diesel generators, electrical distribution equipment, and temperature control equipment including heating and cooling equipment, the Pump Solutions region, which rents pumps primarily used by energy and petrochemical customers. United Rentals was founded by Bradley S. Jacobs in 1997 and is headquartered in Greenwich, CT.