United Rentals Stock Hits New 52-Week High (URI)

NEW YORK ( TheStreet) -- United Rentals (NYSE: URI) hit a new 52-week high Wednesday as it is currently trading at $41.97, above its previous 52-week high of $41.90 with 598,578 shares traded as of 11:50 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

United Rentals has a market cap of $2.13 billion and is part of the services sector and diversified services industry. Shares are up 39.4% year to date as of the close of trading on Tuesday.

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It offers approximately 3,000 classes of equipment for rent to customers comprising construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The company has a P/E ratio of 29.9, below the average diversified services industry P/E ratio of 57.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates United Rentals as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full United Rentals Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Market Signals Change of Direction: Cramer's 'Mad Money' Recap (Monday 9/18/17)

Cramer: Irma and Harvey Busted the Algos

First Leg Down of United Tech; Hurricanes -- Jim Cramer's Top Thoughts

Jim Cramer on Irma, Home Depot, United Rentals, Apple, Facebook and Amazon

Cramer: Hurricanes Will Break the Decline of the Auto and Housing Industries