McGrath RentCorp (MGRC)
NASDAQ: MGRC · IEX Real-Time Price · USD
107.52
-0.41 (-0.38%)
Apr 24, 2024, 11:53 AM EDT - Market open
McGrath RentCorp Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for McGrath RentCorp stock has a target of 116, which predicts an increase of 7.89% from the current stock price of 107.52.
Analyst Consensus: Buy
* Price targets were last updated on Oct 6, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for MGRC is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Maintains $114 → $116 | Buy | Maintains | $114 → $116 | +7.89% | Oct 6, 2023 |
| Oppenheimer | Oppenheimer | Buy Maintains $107 → $114 | Buy | Maintains | $107 → $114 | +6.03% | Feb 23, 2023 |
| Sidoti & Co. | Sidoti & Co. | Hold → Strong Buy Upgrades $127 | Hold → Strong Buy | Upgrades | $127 | +18.12% | Feb 2, 2023 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $106 | Strong Buy → Hold | Downgrades | $106 | -1.41% | Nov 16, 2022 |
Financial Forecast
Revenue This Year
875.47M
from 831.84M
Increased by 5.24%
Revenue Next Year
926.40M
from 875.47M
Increased by 5.82%
EPS This Year
5.53
from 7.12
Decreased by -22.35%
EPS Next Year
6.26
from 5.53
Increased by 13.19%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 925.5M | 982.1M |
| Avg | 875.5M | 926.4M |
| Low | 818.5M | 863.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 11.3% | 12.2% |
| Avg | 5.2% | 5.8% |
| Low | -1.6% | -1.4% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 5.72 | 6.53 |
| Avg | 5.53 | 6.26 |
| Low | 5.28 | 5.93 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -19.6% | 18.1% |
| Avg | -22.4% | 13.2% |
| Low | -25.8% | 7.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.