McGrath RentCorp

McGrath RentCorp Stock Forecast & Price Prediction

Live McGrath RentCorp Stock (MGRC) Price
$120.09

1

Ratings

  • Buy 1
  • Hold 0
  • Sell 0
Disclaimer : 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. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$120.09

P/E Ratio

13.12

Volume Traded Today

$156,849

Dividend

$0.475

52 Week High/low

130.86/95.50

McGrath RentCorp Market Cap

$2.95B

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MGRC Summary

From what 1 stock analysts predict, the share price for McGrath RentCorp (MGRC) might increase by 12.42% 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 Analyst Ratings

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 .

MGRC stock forecast by analyst

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

MGRC Company Information

What They Do: Provides rental solutions for modular buildings and equipment.

Business Model: The company operates a B2B model, generating revenue through the rental and sale of modular buildings, storage containers, and electronic test equipment across four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. Each segment caters to specific industry needs, such as education, construction, and technology, allowing for diverse income streams.

Other Information: Founded in 1979 and headquartered in Livermore, California, McGrath RentCorp serves various sectors including aerospace, defense, and education. Its extensive product offerings and established market presence make it a versatile player in the rental industry.
MGRC
McGrath RentCorp (MGRC)

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

$2.95B

McGrath RentCorp (MGRC) Financial Data

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

$572.6M

Revenue From 2021

$534.6M

-6.63 %
From Previous Year

Revenue From 2022

$635.7M

18.91 %
From Previous Year

Revenue From 2023

$831.8M

30.86 %
From Previous Year
  • Revenue TTM $888.8M
  • Operating Margin TTM 28.0%
  • Gross profit TTM $393.6M
  • Return on assets TTM 6.7%
  • Return on equity TTM 22.4%
  • Profit Margin 25.3%
  • Book Value Per Share 44.56%
  • Market capitalisation $2.95B
  • Revenue for 2021 $534.6M
  • Revenue for 2022 $635.7M
  • Revenue for 2023 $831.8M
  • EPS this year (TTM) $9.15

McGrath RentCorp (MGRC) Latest News

News Image

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.

News Image

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.

News Image

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.

News Image

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.

News Image

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.

News Image

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.

...

MGRC Frequently asked questions

The highest forecasted price for MGRC is $139 from Scott Schneeberger at Oppenheimer.

The lowest forecasted price for MGRC is $131 from from

The MGRC analyst ratings consensus are 1 buy ratings, 0 hold ratings, and 0 sell ratings.