Alert: Positive Investment/Fundamental Signals (11/2/23)-United Rentals Inc. (NYSE: URI)


Recent notable positive changes in fundamentals have benefitted United Rentals Inc. (NYSE: URI): significant quarterly sales acceleration occurred, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Important positive changes in United Rentals Inc. (NYSE: URI) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

URI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

United Rentals has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United Rentals has a good Appreciation Score of 74 and a very high Power Rating of 86, resulting in the Highest Value Trend Rating.

Recent Price Action

United Rentals Inc. (NYSE: URI) stock enjoyed a very large increase of 5.7% on 11/2/23. The shares closed at $432.95. Relative to the market the stock has been strong over the last nine months and has risen 8.5% during the last week.

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