United Rentals, Inc. (NYSE:URI) shares surged in last session after Piper Jaffray initiated coverage on this stock with an overweight rating. The equipment-rental company’s stock tripled between early October and late April along with a steady flow of strong earnings reports. But shares have been getting dumped in the May as weakness in the broader market causes investors to liquidate winning positions.
Based on valuation measures United Rentals, Inc (NYSE:URI) total value in the stock market, calculated after recent closing bell, was $2.03 billion and enterprise value which is the acquisition value of a company retrieved from yahoo data was $7.91 billion. In trailing 12 months price to sales ratio, which is a ratio for valuing a stock relative to its own past performance, other companies or the market itself, was kept at 0.70.
To compare market capitalization and price/sales ratios across firms in a sector, total value of Essex Rental Corp (NASDAQ:ESSX) in the stock market was $75.57 million and the takeover value of a company was $295.03 million. Last twelve month price to sales ratio for the company was 0.80.
http://www.pt-news.org/rental-and-leasing-stocks-to-watch-at-services-sector-uri-essx-hees-elrc/123028/
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