Quick Win By The Algorithm: URI’s Outstanding Yearly Return
Quick Win By The Algorithm
On March 22, 2016, the I Know First algorithm had predicted a bullish forecast forUnited Rentals, Inc. (URI). URI had a signal of 440.94 and a predictability of 0.71. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 89.46% in just 1 year.
United Rentals, Inc. (URI), through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. United Rentals, Inc. (URI) was founded in 1997 and is headquartered in Stamford, Connecticut.
On the 15th of March, 2017, URI announced their Q4 2016 results. The company had revenues of $1,523 million, up from $1,508 last quarter. Their gross margins widened from 38.21% to 39% compared to the same time period last year.
Following these results, the company seems to be positioned well to “continue its multiyear earnings recovery,” said Wall Street analyst Stephen Biggar. The rating for the company went from a Buy to Hold, citing the strong run-up in shares.
The company looks towards an even better 2017, due to a more favorable pricing and modest increase in rental volume. As well as continued growth in speciality operations.
This bullish forecast on URI was sent to current I Know First subscribers on March 22, 2016.
Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
