Advertisement
New Zealand markets open in 2 hours 31 minutes

  • NZX 50

    11,836.04
    -39.31 (-0.33%)
     

  • NZD/USD

    0.5907
    -0.0012 (-0.21%)
     

  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     

  • OIL

    82.74
    +0.05 (+0.06%)
     

  • GOLD

    2,399.20
    +10.80 (+0.45%)
     

United Rentals (URI) In Focus: Stock Adds 11.2% in Session

Zacks Equity Research
Updated

United Rentals, Inc. URI was a big mover last session, as its shares rose a little over 11% on the day. The move came after the equipment-rental specialist released fourth-quarter 2016 earnings and also announced the acquisition of NES Rentals Holdings II, Inc. for $965 million in cash. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $105.58 to $114.26 in the past one-month time frame.

Over the last 30 days, the company witnessed one positive and one negative estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

United Rentals currently carries a Zacks Rank #2 (Buy).

United Rentals, Inc. Price

 

United Rentals, Inc. Price | United Rentals, Inc. Quote

ADVERTISEMENT

Another favorably placed stock in the Building Products – Miscellaneous space is Gibraltar Industries, Inc. ROCK, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is URI going up? Or down? Predict to see what others think: Up or Down

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
United Rentals, Inc. (URI): Free Stock Analysis Report
 
Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research