United Rentals Inc. (NYSE: URI) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in fundamentals have recently occurred for United Rentals Inc. (NYSE: URI): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, URI is expected to continue to be a major Value Builder.
United Rentals has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. United Rentals has a slightly positive Appreciation Score of 64 and a very high Power Rating of 95, triggering the Highest Value Trend Rating.
Recent Price Action
United Rentals Inc. (NYSE: URI) stock closed at $547.16 on 1/3/24 after a decline of -3.5%. This decline was accompanied by normal trading volume. The stock has declined -4.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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