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 most optimistic price target was 41, which equates to a potential upside of 18.74 percent. The most pessimistic analyst gave a price target of 41, which equates to a potential downside of 18.74 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 3.47 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their 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, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MGRC is 2.75.
MGRC has traded between a high of 39.86 and a low of 29.27 over the past year. Today's price is 17.97 percent above the 52-week low, and below the high by 13.37 percent. 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.