12 Month Price Forecast For MGRC
Distance to MGRC Price Forecasts
MGRC Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 10:19 AM UTC
MGRC Analyst Ratings & Price Targets
Based on our analysis of 4 Wall Street analysts, MGRC has a consensus that is bullish. The median price target is $139.00, with forecasts ranging from $131.00 to $152.00. Currently, there are 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings.
With MGRC currently trading at $123.07, the median price forecast suggests a 12.9% upside. The most optimistic forecast comes from Daniel Moore at CJS Securities, projecting a 23.5% upside, while at provides the most conservative target, suggesting a 6.4% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
MGRC Analyst Consensus
MGRC Price Target Range
Latest MGRC Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for MGRC.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 11, 2024 | CJS Securities | Daniel Moore | Market Outperform | Assumes | $152.00 |
| Nov 22, 2024 | Oppenheimer | Scott Schneeberger | Outperform | Maintains | $139.00 |
| Oct 25, 2024 | Oppenheimer | Scott Schneeberger | Outperform | Maintains | $124.00 |
| Sep 25, 2024 | Oppenheimer | Scott Schneeberger | Outperform | Reinstates | $120.00 |
| Oct 6, 2023 | Oppenheimer | Scott Schneeberger | Outperform | Maintains | $116.00 |
| Feb 23, 2023 | Oppenheimer | Scott Schneeberger | Outperform | Maintains | $114.00 |
| Feb 2, 2023 | Sidoti & Co. | Marc Riddick | Buy | Upgrade | $127.00 |
| Nov 16, 2022 | Sidoti & Co. | Marc Riddick | Neutral | Downgrade | $106.00 |
| Aug 12, 2020 | Oppenheimer | Outperform | Upgrade | $0.00 | |
| Feb 4, 2020 | Sidoti & Co. | Buy | Maintains | $99.00 | |
| Sep 12, 2019 | Sidoti & Co. | Buy | Maintains | $86.00 | |
| Jul 31, 2019 | Sidoti & Co. | Buy | Maintains | $83.00 | |
| Sep 19, 2018 | Berenberg | Buy | Initiates | $0.00 | |
| Sep 14, 2016 | Sidoti & Co. | Buy | Maintains | $40.00 | |
| Jan 8, 2016 | Sidoti & Co. | Buy | Upgrade | $0.00 | |
| Nov 4, 2015 | KeyBanc | Sector Weight | Downgrade | $0.00 | |
| Nov 4, 2015 | Keybanc | Sector Weight | Downgrade | $0.00 | |
| May 8, 2014 | Keybanc | Buy | Upgrade | $0.00 | |
| May 8, 2014 | KeyBanc | Buy | Upgrade | $0.00 | |
| Nov 2, 2012 | KeyBanc | Hold | Downgrade | $0.00 |
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McGrath RentCorp (MGRC) Financial Data
McGrath RentCorp has a market capitalization of $2.98B with a P/E ratio of 13.3x. The company generates $888.78M in trailing twelve-month revenue with a 25.3% profit margin.
Revenue growth is +9.5% quarter-over-quarter, while maintaining an operating margin of +28.0% and return on equity of +22.4%.
Valuation Metrics
Growth & Margins
Financial Health
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McGrath RentCorp (MGRC) Company Overview
About McGrath RentCorp
Provides rental solutions for modular buildings and equipment.
McGrath RentCorp generates revenue by renting and selling modular buildings, portable storage containers, and electronic test equipment across various industries. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex, targeting sectors like education, aerospace, defense, and telecommunications.
Founded in 1979 and headquartered in Livermore, California, McGrath RentCorp has established a diverse portfolio of rental products and services, catering to both temporary and long-term needs, which positions it well for growth in the rental market.
Company Information
Sector
Industrials
Industry
Rental & Leasing Services
Employees
1,204
CEO
Mr. Joseph F. Hanna
Country
United States
IPO Year
1990
Website
www.mgrc.comMcGrath RentCorp (MGRC) Latest News & Analysis
McGrath RentCorp appointed Philip B. Hawkins as Chief Operating Officer. CEO Joe Hanna expressed confidence in Hawkins' leadership for ongoing operations.
The appointment of a new COO can signal strategic shifts or operational improvements, potentially impacting McGrath RentCorp's performance and stock value.
McGrath RentCorp (Nasdaq: MGRC) will present at the CJS Securities 25th Annual New Ideas for the New Year Conference on January 14, 2025, at 1:35 p.m. ET, with a webcast available.
McGrath RentCorp's participation in a prominent investor conference can signal growth prospects and strategic plans, influencing investor sentiment and stock performance.
McGrath RentCorp anticipates near-term weakness but expects growth in modular segments. Cost management and strong pricing may enhance margins in FY24, supported by infrastructure investments.
McGrath RentCorp's expected growth in modular segments and disciplined cost management may enhance margins, while infrastructure investments suggest long-term value, making the stock attractive now.
McGrath Declares Quarterly Dividend
1 month agoMcGrath RentCorp announced a quarterly cash dividend of $0.475 per share for Q4 2024, payable on January 31, 2025. This marks 33 consecutive years of dividend increases.
McGrath RentCorp's consistent dividend increase reflects financial stability and a commitment to returning value, enhancing attractiveness for income-focused investors.
McGrath RentCorp (Nasdaq: MGRC) will participate in investor meetings at the Oppenheimer Midwest Virtual Summit on December 11, 2024, featuring CEO Joe Hanna and CFO Keith Pratt.
McGrath RentCorp's participation in the Oppenheimer Midwest Virtual Summit signals potential insights into company strategy and performance, influencing investor sentiment and stock movements.
McGrath RentCorp (Nasdaq: MGRC) will participate in investor meetings at the Wolfe Research Small and Mid-Cap Conference on December 5, 2024, featuring CEO Joe Hanna and CFO Keith Pratt.
McGrath's participation in the Wolfe Research Conference may signal growth opportunities and provide insights into management's strategy, potentially influencing stock performance and investor sentiment.
Frequently Asked Questions About MGRC Stock
What is McGrath RentCorp's (MGRC) stock forecast for 2025?
Based on our analysis of 4 Wall Street analysts, McGrath RentCorp (MGRC) has a median price target of $139.00. The highest price target is $152.00 and the lowest is $131.00.
Is MGRC stock a good investment in 2025?
According to current analyst ratings, MGRC has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $123.07. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for MGRC stock?
Wall Street analysts predict MGRC stock could reach $139.00 in the next 12 months. This represents a 12.9% increase from the current price of $123.07. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is McGrath RentCorp's business model?
McGrath RentCorp generates revenue by renting and selling modular buildings, portable storage containers, and electronic test equipment across various industries. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex, targeting sectors like education, aerospace, defense, and telecommunications.
What is the highest forecasted price for MGRC McGrath RentCorp?
The highest price target for MGRC is $152.00 from Daniel Moore at CJS Securities, which represents a 23.5% increase from the current price of $123.07.
What is the lowest forecasted price for MGRC McGrath RentCorp?
The lowest price target for MGRC is $131.00 from at , which represents a 6.4% increase from the current price of $123.07.
What is the overall MGRC consensus from analysts for McGrath RentCorp?
The overall analyst consensus for MGRC is bullish. Out of 4 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $139.00.
How accurate are MGRC stock price projections?
Stock price projections, including those for McGrath RentCorp, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
