Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate United Rentals, Inc. before investing.

In this article, we go over a few key elements for understanding United Rentals, Inc.’s stock price such as:

• United Rentals, Inc.’s current stock price and volume
• Why United Rentals, Inc.’s stock price changed recently
• Upgrades and downgrades for URI from analysts
• URI’s stock price momentum as measured by its relative strength

About United Rentals, Inc. (URI)

Before we jump into United Rentals, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

United Rentals, Inc. is an equipment rental company. The Company's segments include General Rentals and Specialty. General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. General Rentals segment has four geographic divisions - Central, Northeast, Southeast and West - and operates throughout the United States and Canada. Specialty segment rents products (and provides setup and other services on such rented equipment), including trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work; fluid solutions equipment primarily used for fluid containment, transfer and treatment, and mobile storage equipment and modular office space. It has an integrated network of around 1,504 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand.

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United Rentals, Inc.’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, United Rentals, Inc.’s stock price was $671.43.

United Rentals, Inc. is down 6.29% from its previous closing price of $716.49.

During the last market session, United Rentals, Inc.’s stock traded between $710.18 and $757.34. Currently, there are 66.56 million shares of United Rentals, Inc. stock available for purchase.

United Rentals, Inc.’s price-earnings (P/E) ratio is currently at 18.9, which is low compared to the Business Support Services industry median of 24.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

United Rentals, Inc. Stock Price History

United Rentals, Inc.’s (URI) price is currently down 11.32% so far this month.

During the month of August, United Rentals, Inc.’s stock price has reached a high of $757.34 and a low of $664.06.

Over the last year, United Rentals, Inc. has hit prices as high as $789.80 and as low as $387.01. Year to date, United Rentals, Inc.’s stock is up 88.91%.

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What Caused United Rentals, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there were 12 analysts who downgraded United Rentals, Inc.’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate United Rentals, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on United Rentals, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

United Rentals, Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about United Rentals, Inc. (URI) by visiting AAII Stock Evaluator.

Relative Price Strength of United Rentals, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, United Rentals, Inc. has a weighted four-quarter relative price strength of 5.87%, which translates to a Momentum Score of 82 and is considered to be Very Strong.

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United Rentals, Inc. Stock Price: Bottom Line

As of August 2, 2024, United Rentals, Inc.’s stock price is $671.43, which is down 6.29% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like United Rentals, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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