Analyst Ratings for McGrath RentCorp (MGRC)Updated: 2017-07-29
Shares of McGrath RentCorp (NASDAQ:MGRC) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for MGRC last month.
Of the 3 analysts covering the stock, 1 gave it a buy rating, 0 gave an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for MGRC. The highest price target was 41, implying a possible profit of 18.74 percent. The most pessimistic analyst gave a price target of 41, implying a possible loss of 18.74 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -3.75 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.47 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of MGRC to grow at a rate of 7.61 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. MGRC has a PEG ratio of 2.75.
MGRC has a 52-week high of 39.86 and a 52-week low of 29.27. The current market price is above the trailing year's low by 17.97 percent, and 13.37 percent below the high. MGRC has a P/E ratio of 20.93. Investors typically compare the P/E ratio to a company's peers in the industry. The MGRC value stock report compares MGRC to some of its peers using value stock charts. The market cap of MGRC is $0.8281 billion. MGRC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.