United Rentals, Inc. (URI) is a prominent equipment rental company with a market cap of $51 billion, offering a range of construction and industrial equipment. URI stock has dropped 21.7% from its 52-week high, underperforming the Industrial Select Sector SPDR Fund. Despite reporting strong Q3 revenue, URI shares fell due to missed earnings expectations.
In the longer term, URI stock is up 13.6% YTD but has underperformed compared to XLI. The stock has been trading below its 50-day average but above its 200-day moving average. Despite underperformance, analysts remain moderately optimistic, giving the stock a consensus rating of “Moderate Buy” with a mean price target of $991.32.
Read more at Yahoo Finance: How Is United Rentals’ Stock Performance Compared to Other Industrials Stocks?
