At the time of writing, McGrath Rentcorp [MGRC] stock is trading at $106.94, up 2.84%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGRC shares have gain 4.65% over the last week, with a monthly amount drifted -2.01%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
McGrath Rentcorp [NASDAQ: MGRC] stock has seen the most recent analyst activity on February 02, 2023, when Sidoti upgraded its rating to a Buy but kept the price target unchanged to $127 for it. Previously, Sidoti downgraded its rating to Neutral on November 16, 2022, and kept the price target unchanged to $106. On August 12, 2020, upgrade upgraded it’s rating to Outperform. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $70 on September 19, 2018. Sidoti upgraded its rating to a Buy. KeyBanc Capital Mkts downgraded its rating to Sector Weight for this stock on November 04, 2015. In a note dated August 01, 2012, Oppenheimer downgraded an Perform rating on this stock.
For the past year, the stock price of McGrath Rentcorp fluctuated between $95.50 and $130.86. McGrath Rentcorp [NASDAQ: MGRC] shares were valued at $106.94 at the most recent close of the market.
Analyzing the MGRC fundamentals
According to McGrath Rentcorp [NASDAQ:MGRC], the company’s sales were 865.53M for trailing twelve months, which represents an 4.72% jump. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 104.74 points at the first support level, and at 102.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.39, and for the 2nd resistance point, it is at 109.84.
Ratios To Look Out For
It is important to note that McGrath Rentcorp [NASDAQ:MGRC] has a current ratio of 1.40. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 3.03, the price to book ratio is 2.75 and price to earnings (TTM) ratio is 22.65.
Transactions by insiders
Recent insider trading involved VAN TREASE KRISTINA, Sr. VP Business Strategy & Dev, that happened on Nov 03 ’23 when 4325.0 shares were sold. Sr. VP Business Strategy & Dev, VAN TREASE KRISTINA completed a deal on Nov 03 ’23 to sell 1950.0 shares. Meanwhile, VP, Controller, PAO Whitney David M sold 4325.0 shares on Nov 03 ’23.
