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.
Investment analysts gave a few price targets for MGRC. The maximum price target given was 41, implying potential capital gains of 18.74 percent. The minimum price target given was 41, which equates to a potential downside of 18.74 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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 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, 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. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of MGRC is 2.75.
MGRC has a 52-week high of 39.86 and a 52-week low of 29.27. Currently the stock is 17.97 percent higher than its low, and 13.37 percent lower than its 52-week 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 stock has a market capitalization of $0.8281 billion. MGRC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.