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.
A number of analysts gave price targets for MGRC. The highest price target was 41, implying a possible profit of 18.74 percent. The most pessimistic price target was 41, implying potential capital losses 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -3.75 percent if we expand the time horizon to include the past 3 months instead of just one. 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 made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, 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. The PEG ratio of a stock is another value frequently studied by investors. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. MGRC has a PEG ratio of 2.75.
In the trailing 52-weeks, MGRC hit 39.86 at the highest peak, while it's lowest trading point was 29.27. Today's price is 17.97 percent above the 52-week low, and below the high by 13.37 percent. MGRC has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.