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United Rentals (URI) In Focus: Stock Adds 11.2% in Session
United Rentals, Inc. (URI - Free Report) 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
Another favorably placed stock in the Building Products – Miscellaneous space is Gibraltar Industries, Inc. (ROCK - Free Report) , 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
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