McGrath Rentcorp [MGRC] stock prices are up 8.51% to $114.17 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGRC shares have gain 5.22% over the last week, with a monthly amount glided 3.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Sidoti upgraded its rating to Buy on February 02, 2023, and kept the price target unchanged to $127. On November 16, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $106 on the stock. Oppenheimer upgraded its rating to a Outperform. Berenberg initiated its recommendation with a Buy and recommended $70 as its price target on September 19, 2018. Sidoti upgraded its rating to Buy for this stock on January 08, 2016. In a note dated November 04, 2015, KeyBanc Capital Mkts downgraded an Sector Weight rating on this stock.
The stock price of McGrath Rentcorp [MGRC] has been fluctuating between $95.50 and $130.86 over the past year. Currently, Wall Street analysts expect the stock to reach $120 within the next 12 months. McGrath Rentcorp [NASDAQ: MGRC] shares were valued at $114.17 at the most recent close of the market. An investor can expect a potential return of 5.11% based on the average MGRC price forecast.
Analyzing the MGRC fundamentals
The McGrath Rentcorp [NASDAQ:MGRC] reported sales of 888.78M for trailing twelve months, representing a surge of 9.55%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.23 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
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 112.26 points at the first support level, and at 110.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.04, and for the 2nd resistance point, it is at 117.91.
Ratios To Look Out For
It’s worth pointing out that McGrath Rentcorp [NASDAQ:MGRC]’s Current Ratio is 1.35. As well, the Quick Ratio is 1.23, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 12.47.
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.
