Vetr Crowd Bullish On United Rentals After Earnings Beat
The Vetr crowd on Friday upgraded its rating for United Rentals Inc. (NYSE: URI) from 3.5 stars (Buy), issued a week ago, to 4.5 stars (Strong Buy). Crowd sentiment in United Rentals at the time of the upgrade was unanimously positive, with 100 percent of Vetr user ratings bullish.
In spite of a strong earnings report on April 19, which saw a beat on estimates and a year-over-year growth in sales, share price in URI took a dip of more than 8 percent in the following weeks. That downward trend has reversed itself somewhat through the start of May thanks to upgrades from analysts with Bank of America and Evercore. However, shares are still down more than $10 since last month, trading at $111.65 by noon Friday.
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Currently, the Vetr crowd's average target price for United Rentals is up at $128.87, which is above the average analyst target price of $117.31. Less than 2 percent of Vetr users are holding URI in their watch lists.
Latest Ratings for URI
May 2017 | Evercore ISI Group | Upgrades | In-Line | Outperform |
Apr 2017 | Bank of America | Upgrades | Neutral | Buy |
Feb 2017 | Argus Research | Downgrades | Buy | Hold |
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