Argus Starts United Rentals (URI) at Buy

October 4, 2016 7:44 AM EDT
Get Alerts URI Hot Sheet
Price: $76.19 --0%

Rating Summary:
    8 Buy, 12 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Argus initiates coverage on United Rentals (NYSE: URI) with a Buy rating and a price target of $90.00.

While the company has seen strong growth over the past five years, they believe that the company is poised for a longer-than-typical upturn and view the recent period of flat revenue as temporary.

The firm is seting 2016 adjusted EPS forecast of $8.50, up 6.0% from 2015, and a 2017 estimate of $9.00, implying 5.9% growth next year.

For an analyst ratings summary and ratings history on United Rentals click here. For more ratings news on United Rentals click here.

Shares of United Rentals closed at $78.93 yesterday.

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