McGrath Rentcorp [NASDAQ: MGRC] price plunged by -0.34 percent to reach at -$0.35.
A sum of 159356 shares traded at recent session while its average daily volume was at 126.53K shares. McGrath Rentcorp shares reached a high of $104.7 and dropped to a low of $102.235 until finishing in the latest session at $103.88.
The one-year MGRC stock forecast points to a potential upside of 29.21. The average equity rating for MGRC stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on McGrath Rentcorp [MGRC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGRC shares is $146.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGRC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CJS Securities have made an estimate for McGrath Rentcorp shares, keeping their opinion on the stock as Market Outperform, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on September 25, 2024, representing the official price target for McGrath Rentcorp stock. Previously, the target price had yet another raise to $127, while Sidoti analysts kept a Buy rating on MGRC stock.
The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 0.29. Price to Free Cash Flow for MGRC in the course of the last twelve months was 43.58 with Quick ratio for the last quarter at 1.47.
MGRC Stock Performance Analysis:
McGrath Rentcorp [MGRC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.19. With this latest performance, MGRC shares dropped by -8.10% in over the last four-week period, additionally sinking by -8.36% over the last 6 months – not to mention a drop of -7.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGRC stock in for the last two-week period is set at 46.52, with the RSI for the last a single of trading hit 2.90, and the three-weeks RSI is set at 2.93 for McGrath Rentcorp [MGRC]. The present Moving Average for the last 50 days of trading for this stock 111.59, while it was recorded at 100.73 for the last single week of trading, and 114.94 for the last 200 days.
Insight into McGrath Rentcorp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and McGrath Rentcorp [MGRC] shares currently have an operating margin of 24.98% and a Gross Margin at 45.25%. McGrath Rentcorp’s Net Margin is presently recorded at 15.62%.
McGrath Rentcorp (MGRC) Capital Structure & Debt Analysis
According to recent financial data for McGrath Rentcorp. ( MGRC), the Return on Equity (ROE) stands at 12.70%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 6.27%, reflecting the company’s efficiency in generating profits from its assets. Additionally, McGrath Rentcorp’s Return on Invested Capital (ROIC) is 8.32%, showcasing its effectiveness in deploying capital for earnings.
McGrath Rentcorp (MGRC) Efficiency & Liquidity Metrics
Based on McGrath Rentcorp’s (MGRC) latest financial statements, the Debt-to-Equity Ratio is 0.46%, indicating its reliance on debt financing relative to shareholder equity.
McGrath Rentcorp (MGRC) Efficiency & Liquidity Metrics
From an operational efficiency perspective, McGrath Rentcorp. (MGRC) effectively leverages its workforce, generating an average of $119302.71 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.55% and a Quick Ratio of 1.47%, indicating strong ability to cover short-term liabilities.
MGRC Stock EPS
With the latest financial reports released by the company, McGrath Rentcorp posted 1.65/share EPS, while the average EPS was predicted by analysts to be reported at 1.49/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.16. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGRC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for McGrath Rentcorp go to 7.30%.
McGrath Rentcorp [MGRC] Institutonal Ownership Details
There are presently around $92.31%, or 93.25%% of MGRC stock, in the hands of institutional investors. The top three institutional holders of MGRC stocks are: VANGUARD GROUP INC with ownership of 2.67 million shares, which is approximately 10.8783%. BLACKROCK INC., holding 1.94 million shares of the stock with an approximate value of $$206.44 million in MGRC stocks shares; and BLACKROCK INC., currently with $$83.54 million in MGRC stock with ownership which is approximately 3.1937%.
