The ROE factor is the Return on Equity. This tool is useful to evaluate stock within a company. When it increases, that may suggest that a company is getting better at generating profit without needing the same amount of capital. Typically, a high ROE is a good sign, while a falling ROE is indicative of an issue. Three stocks that show potential for a significant ROE gain at the moment are United Rentals, Inc. (NYSE:URI), Paychex, Inc. (NASDAQ:PAYX), and Reynolds American, Inc. (NYSE:RAI).
United Rentals, Inc. (NYSE:URI) is the first stock. It is apparent that it has kept a return on equity over the past 12 months at 36.02%. That number is higher than the industry average at 9.71%. Those figures are as per Reuters data. At last close, the stock was at a price of $64.31, which was under its opening at $66.63. It lost -2.96%. The volume during last session was at 2.27 million shares, which was lower than its average shares volume of 3.17 million.
Regarding Paychex, Inc. (NASDAQ:PAYX), it has kept an ROE at 37.89% over its last 12 fiscal months. That number is above what Reuters shows to be the industry average. That average ratio is at 14.94% for the industry. The best figure for the sector is 9.71%. The stock rose +0.67% and got to $48.13 after it went between $47.63 and $48.33.
The third stock is Reynolds American, Inc. (NYSE:RAI). It has earned a return on equity of 36.20% over the last 12 months. That is under the industry average, as shown by Reuters, which has the ratio at 58.26%. The sector is at 79.56%. The stock dropped -0.28% to be at $85.49, after it wavered between $85.34 and $85.94. In the last session of trade, the shares volume was 2.72 million. The range, looking back over the last 52 weeks, was between $56.27 and $88.28.