United Rentals Inc. (NYSE:URI) traded at a new 52-week high today of $395.89. This new high was reached on below average trading volume as 130,000 shares traded hands, while the average 30-day volume is approximately 595,000 shares.
United Rentals Inc. (NYSE:URI) is currently priced 28.5% above its average consensus analyst price target of $282.05.
United Rentals is the world’s largest equipment rental company, and principally operates in the United States and Canada, where it commands approximately 13% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of over $15 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long time periods.
United Rentals Inc. share prices have moved between a 52-week high of $395.89 and a 52-week low of $178.85 and are now trading 121% above that low price at $394.44 per share.
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