Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
McGrath RentCorp Market Cap
From what 1 stock analysts predict, the share price for McGrath RentCorp (MGRC) might increase by 11.2% in the next year. This is based on a 12-month average estimation for MGRC. Price targets go from $131 to $139. The majority of stock analysts believe MGRC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
MGRC is a stock in Industrials which has been forecasted to be worth $135 as an average. On the higher end, the forecast price is $139 USD by Scott Schneeberger from Oppenheimer and on the lower end MGRC is forecasted to be $131 by from .
These are the latest 20 analyst ratings of MGRC.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Scott Schneeberger Oppenheimer | Outperform | $139 | Maintains | Nov 22, 2024 |
| Scott Schneeberger Oppenheimer | Outperform | $124 | Maintains | Oct 25, 2024 |
| Scott Schneeberger Oppenheimer | Outperform | $120 | Reinstates | Sep 25, 2024 |
| Scott Schneeberger Oppenheimer | Outperform | $116 | Maintains | Oct 6, 2023 |
| Scott Schneeberger Oppenheimer | Outperform | $114 | Maintains | Feb 23, 2023 |
| Marc Riddick Sidoti & Co. | Buy | $127 | Upgrade | Feb 2, 2023 |
| Marc Riddick Sidoti & Co. | Neutral | $106 | Downgrade | Nov 16, 2022 |
Oppenheimer | Outperform | Upgrade | Aug 12, 2020 | |
Sidoti & Co. | Buy | $99 | Maintains | Feb 4, 2020 |
Sidoti & Co. | Buy | $86 | Maintains | Sep 12, 2019 |
Sidoti & Co. | Buy | $83 | Maintains | Jul 31, 2019 |
Berenberg | Buy | Initiates | Sep 19, 2018 | |
Sidoti & Co. | Buy | $40 | Maintains | Sep 14, 2016 |
Sidoti & Co. | Buy | Upgrade | Jan 8, 2016 | |
Keybanc | Sector Weight | Downgrade | Nov 4, 2015 | |
KeyBanc | Sector Weight | Downgrade | Nov 4, 2015 | |
KeyBanc | Buy | Upgrade | May 8, 2014 | |
Keybanc | Buy | Upgrade | May 8, 2014 | |
Keybanc | Hold | Downgrade | Nov 2, 2012 | |
KeyBanc | Hold | Downgrade | Nov 2, 2012 |
When did it IPO
1990
Staff Count
1,204
Country
United States
Sector/Industry
Industrials/Rental & Leasing Services
CEO
Mr. Joseph F. Hanna
Market Cap
$3.00B
In 2023, MGRC generated $831.8M in revenue, which was a increase of 30.86% from the previous year. This can be seen as a signal that MGRC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - McGrath RentCorp (Nasdaq: MGRC) will participate in investor meetings at the Oppenheimer Midwest Virtual Summit on December 11, 2024, with CEO Joe Hanna and CFO Keith Pratt.
Why It Matters - McGrath RentCorp's participation in the Oppenheimer Midwest Virtual Summit signals potential insights into its strategy and performance, influencing investor sentiment and stock valuation.
Mon, 02 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - McGrath RentCorp (Nasdaq: MGRC) will participate in investor meetings at the Wolfe Research Small and Mid-Cap Conference on December 5, 2024, with CEO Joe Hanna and CFO Keith Pratt.
Why It Matters - McGrath's participation in the Wolfe Research Conference signals potential growth opportunities and strategic insights, influencing investor sentiment and stock performance.
Tue, 26 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - McGrath (MGRC) has been upgraded to Zacks Rank #1 (Strong Buy), indicating increased optimism about its earnings prospects, potentially leading to higher stock performance.
Why It Matters - McGrath's upgrade to a Zacks Rank #1 signals strong earnings potential, likely boosting investor confidence and driving up stock prices.
Mon, 04 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - McGrath RentCorp (Nasdaq: MGRC) executives will present at the Baird 2024 Global Industrial Conference on November 14, 2024. The presentation will be posted online afterward.
Why It Matters - McGrath RentCorp's leadership presentation at a major conference may influence investor sentiment and stock performance, signaling the company's strategic direction and potential growth opportunities.
Thu, 24 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - McGrath RentCorp (NASDAQ: MGRC) will host its Q3 2024 Earnings Conference Call on October 24, 2024, at 5:00 PM ET, featuring CEO Joe Hanna and CFO Keith Pratt.
Why It Matters - The earnings call provides insights into McGrath RentCorp's financial performance and future outlook, crucial for assessing investment potential and market positioning.
Thu, 24 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - McGrath RentCorp reported Q3 2024 revenues of $266.8 million, up 10% year-over-year, with net income of $149.3 million, or $6.08 per diluted share.
Why It Matters - McGrath RentCorp's 10% revenue growth and strong net income of $149.3 million signal robust financial health, potentially boosting investor confidence and stock performance.
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