United

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>United Rentals, Inc. is trading at $450.43, with a -1.81% drop in the past 24 hours. However, the share price dropped by -2.06% in the last 7 days.</a> </li> 
 <li> <span>2</span> <a>United Rentals, Inc.’s average trading volume for the last 24 hours is $523.911K. The average volume for the last 10 days is $710.285K.</a> </li> 
</ul> 
<p>United Rentals, Inc. (URI) is the global leader in equipment rental, with a diverse fleet of about 4,700 types of machines and over 1,400 branches across North America and Europe. Customers can also rent equipment and tools from United Rentals, Inc. and other providers through its website and app, which offer convenient online features such as rental management, rate comparison, invoice access, and bill payment.</p> 
<h2 class="wp-block-heading" id="strong-united-rentals-reports-record-breaking-q1-performance-strong"><strong>United Rentals Reports Record-Breaking Q1 Performance&nbsp;</strong></h2> 
<p>URI achieved total revenue of $3.285 Billion, with $2.740 Billion coming from rental revenue. Fleet productivity rose 2.0% year-over-year, as reported, and 5.9% on a pro-forma basis.&nbsp;</p> 
<p>The net income was $451 Million, with a margin of 13.7%. GAAP diluted earnings per share were $6.47, and adjusted EPS was $7.95. Adjusted EBITDA was $1.503 Billion, with a margin of 45.8%.&nbsp;</p> 
<p>United Rentals generated $939 Million in net cash from operating activities and $478 Million in free cash flow after spending $797 Million on gross rental capital. The URI also returned $353 Million to shareholders, including $250 Million in share buybacks and $103 Million in dividends paid. The net leverage ratio was 1.9x, and the total liquidity was $2.655 Billion as of March 31, 2023.</p> 
<p>URI has confirmed its 2023 guidance, which includes the following expectations. The total revenue is projected to be in the range of $13.7 Billion to $14.2 Billion. The net rental capital spending is projected to be negative, between -$2.0 Billion and -$2.25 Billion, after purchasing gross rental capital worth between $3.3 Billion and $3.55 Billion. The free cash flow, excluding payments related to merger and restructuring, is projected to be in the range of $2.1 Billion to $2.35 Billion.</p> 
<h3 class="wp-block-heading" id="strong-united-rentals-inc-stock-price-technical-analysis-strong"><strong>United Rentals, Inc. Stock Price Technical Analysis</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="465" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis-1024x465.webp" alt="United Rentals, Inc. Stock Price Technical Analysis" class="wp-image-153885" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis-1024x465.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis-300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis-768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis-750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis-1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/United-Rentals-Inc.-Stock-Price-Technical-Analysis.webp 1272w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: URI/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>United Rentals’ stock price is in an uptrend, forming higher highs and higher lows. However, it recently faced resistance at the $472 level and pulled back. The stock price is trading above the 50-day and 200-day simple moving averages (SMA), indicating bullish momentum. The moving average convergence divergence (MACD) indicator is above the zero line, but the signal line has crossed below the MACD line, suggesting a possible bearish reversal. The relative strength index (RSI) is in positive territory, but it is declining, indicating a loss of bullish strength.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/07/02/will-united-rentals-stock-price-leap-beyond-450-nyse-uri/" rel="noopener noreferrer nofollow">United Rentals’ stock</a> reported good results for the first quarter of 2023, with strong growth in revenue, profitability, margins, and returns. The company also generated significant cash flow and returned capital to shareholders through share repurchases and dividends. The company confirmed its 2023 guidance, which indicates that it expects to maintain its momentum and deliver solid performance for the full year.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li><strong>Support Level – </strong>The current support level is $447.71.</li> 
 <li><strong>Resistance Level – </strong>The current resistance level is $470.68.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is only for information and education purposes. Do not use this information as financial or trading advice. Trading and investing have financial risks. Before making any investment or trading decision, please think about your risk tolerance and situation.</p> 
<p>&nbsp;</p>

United Rentals, Inc Stock Analysis: Will URI Break $500?

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