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 most optimistic analyst gave a price target of 41, implying a possible profit of 18.74 percent. The most pessimistic analyst gave a price target of 41, implying potential capital losses of 18.74 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

MGRC has an estimated earnings growth rate of 7.61 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, 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.

MGRC has traded between a high of 39.86 and a low of 29.27 over the past year. 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 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's next earnings release will be on 0000-00-00, which is days away.