United Rentals stock: buy or sell

URI stock price: $316.75 1.93% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

United Rentals stock brief

  • United Rentals stock grew 1.93% to close at $316.75 on the stock market on Wednesday.
  • The stock is configuring an uptrend pattern since September 2020, when it bottomed at $159.01. This rally marked a 99.20% gain
  • Deutsche Bank Aktiengesellschaft and Morgan Stanley published bearish ratings for United Rentals last Monday, with an average forecast of $297.00
  • United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions.

Should I buy United Rentals stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $URI stock a buy?

Currently, United Rentals stock matches one trading strategy:

Uptrend buy setup

United Rentals stock continues to trend higher since in September 2020 and marked an amazing 99.20% gain. Price marked a pull back in this uptrend at $304.30 on Tuesday, and since then it bounced up a 4.09%. Now, it's only 7.66% away from breaking out over its last top and resume the uptrend. The new entry point is therefore at $341.00. If you decide to enter this trade, the suggested stop loss is at $306.90

Buy setupBuy pointStop lossRisk
Uptrend buy setup$341.00$306.9010.00%

Should I sell United Rentals stock?

Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, choosing when is appropiate time to sell is not a whimsy decision, and we must follow our own trading strategy. When selling, as well as buying, our setups are very simple to use but are only valid for selling shares in your porfolio, not for selling short $URI stock

As a golden rule, you must never keep an open trade that yields greater losses than those expected upon purchase. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell United Rentals stock?

In the current situation of United Rentals there is not any eligible sell setup, so United Rentals stock holders with operations in profit can keep their positions

United Rentals ratings

In the last month, 7 analyst ratings were published for United Rentals

United Rentals analysts' ratings - Last month
Brokerage firmRating
Mar 25th, 2021
KeyCorp Buy
Mar 31st, 2021
KeyCorp Buy
Apr 12th, 2021
Morgan Stanley Sell
Apr 13th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Apr 16th, 2021
Oppenheimer Neutral
Apr 19th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Sell

United Rentals stock analysis

Since in September 2020, United Rentals has been printing an uptrend that so far marked a gorgeous 99.20%. The chart shows higher peaks and higher lows, and along the way provided some buying opportunities for those who wanted to invest. Latest pullback was on Tuesday, when price bounced at $304.30. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $341.00 and $304.30

SMAs overview

URI stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $321.94 (1.64% above)
  • R2: $341.00 (7.66% above)
  • The current support levels are:

  • S1: $304.30 (-3.93% below)
  • S2: $282.20 (-10.91% below)
  • S3: $267.59 (-15.52% below)
  • Bollinger bands

    The price is moving near to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a bullish indicator, as price can move in these levels for many days and weeks

    URI stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 49.02. Since RSI lost the overbought zone, United Rentals stock inched a 1.35%

    URI stock RSI chart

    United Rentals stock price history

    United Rentals went public on Dec 18th, 1997 at $14.50 per share1. Since then, URI stock surged by 2,084.48%, with an average of 90.63% per year. An investment of $1,000USD on Dec 1997 would have a value of $21,844.83 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    URI stock price history chart

    Price target for United Rentals stock

    Nobody knows how much a share will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price forecasts released by analysts in the last 30 days. Again, these estimates are not direct recommendations for individual traders and must not be followed blindly.

    The average price target for United Rentals stock calculated from the table below is $321.33. United Rentals closed at $316.75 on Wednesday, that is a 1.43% than the target price.

    United Rentals stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    KeyCorp $355.00$370.00
    Mar 31st, 2021
    KeyCorp $355.00$370.00
    Apr 12th, 2021
    Morgan Stanley $224.00$246.00
    Apr 13th, 2021
    Deutsche Bank Aktiengesellschaft $280.00$348.00
    Apr 16th, 2021
    Oppenheimer Not available
    Apr 19th, 2021
    Deutsche Bank Aktiengesellschaft $280.00$348.00
    Morgan Stanley $224.00$246.00

    Earnings and financials

    Last January, United Rentals, Inc. ($URI) posted adjusted EPS for that highly improved Wall St. expectations. Quarterly EPS was $5.04 per share versus the estimated $4.23. This Q4 report represents an earnings surprise of 19.15%. Turnover was $2.3 billion versus $2.2 billion estimated by market consensus.

    For comparison, the EPS for the same quarter last year was $5.60, so reported EPS is a drop of -10.00%. Revenue inched down a -7.21% on an annualized basis in the , from $24.6B to $22.8B last quarter.

    United Rentals ($URI) presents quarterly earnings report next Wednesday. Wall Street forecasts of $3.07, compared to previous quarter that was $5.04.

    United Rentals performance

    URI performance compared
    Company1m3m6m
    United Rentals ($URI) 2.80% 21.80% 67.10%

    Important note:
    The comments written in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for general educational reasons only

    United Rentals summary

    Wednesday, April 21st, 2021
    Open$308.15
    Close$316.75
    Day range$304.66 - $316.97
    Previous close$310.74
    Session gain1.93%
    Average true range$10.85
    50d mov avg$308.92
    100d mov avg$276.35
    200d mov avg$227.81
    Earnings dateApril 28th, 2021

    Frequently asked questions

    What is United Rentals stock symbol?

    United Rentals, Inc. is a public company trading in the US stock market with the URI symbol

    Is United Rentals stock a buy or sell?

    United Rentals received 7 ratings in the last 30 days: 2 bullish, 2 bearish and 3 neutral.

    Will URI go up?

    United Rentals had different price forecasts issued by market analysts in the last 30 days forecasting the target price to $321.33. That is a 1.45% than the current price ($316.75).