McGrath RentCorp (MGRC) Stock Forecast, Price Target & Predictions
MGRC Stock Forecast
McGrath RentCorp stock forecast is as follows: an average price target of $120.00 (represents a 6.52% upside from MGRC’s last price of $112.65) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
MGRC Price Target
The average price target for McGrath RentCorp (MGRC) is $120.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $120.00 to $120.00. This represents a potential 6.52% upside from MGRC's last price of $112.65.
MGRC Analyst Ratings
According to 13 Wall Street analysts, McGrath RentCorp's rating consensus is 'Buy'. The analyst rating breakdown for MGRC stock is 0 'Strong Buy' (0.00%), 7 'Buy' (53.85%), 4 'Hold' (30.77%), 2 'Sell' (15.38%), and 0 'Strong Sell' (0.00%).
McGrath RentCorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 25, 2024 | Scott Schneeberger | Oppenheimer | $120.00 | $108.21 | 10.90% | 6.52% |
The latest McGrath RentCorp stock forecast, released on Sep 25, 2024 by Scott Schneeberger from Oppenheimer, set a price target of $120.00, which represents a 10.90% increase from the stock price at the time of the forecast ($108.21), and a 6.52% increase from MGRC last price ($112.65).
McGrath RentCorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $120.00 | $120.00 |
| Last Closing Price | $112.65 | $112.65 | $112.65 |
| Upside/Downside | -100.00% | 6.52% | 6.52% |
In the current month, the average price target of McGrath RentCorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to McGrath RentCorp's last price of $112.65. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Feb 02, 2023 | Deutsche Bank | Underweight | Downgrade | |
| Feb 02, 2023 | Sidoti & Co. | Neutral | Buy | Upgrade |
| Feb 02, 2023 | Seaport Global | Buy | Upgrade | |
| Feb 02, 2023 | Needham | Buy | Upgrade | |
| Feb 02, 2023 | Summit Insights Group | Buy | Upgrade | |
| Feb 02, 2023 | RBC Capital | Outperform | Upgrade | |
| Feb 02, 2023 | Citigroup | Buy | Upgrade | |
| Feb 02, 2023 | Piper Sandler | Overweight | Upgrade | |
| Feb 02, 2023 | Argus Research | Hold | Downgrade | |
| Feb 02, 2023 | BMO Capital | Market Perform | Downgrade | |
| Feb 02, 2023 | Exane BNP Paribas | Underperform | Downgrade | |
| Feb 02, 2023 | Loop Capital Markets | Hold | Downgrade | |
| Feb 02, 2023 | BNP Paribas | Underweight | Downgrade | |
| Feb 02, 2023 | BTIG | Neutral | Downgrade | |
| Feb 02, 2023 | JMP Securities | Perform | Downgrade | |
| Feb 02, 2023 | Oppenheimer | Perform | Downgrade | |
| Nov 16, 2022 | Sidoti & Co. | Neutral | Downgrade |
McGrath RentCorp's last stock rating was published by Deutsche Bank on Feb 02, 2023. The company Downgrade its MGRC rating from "null" to "Underweight".
McGrath RentCorp Financial Forecast
McGrath RentCorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $243.51M | $203.03M | $163.72M | $210.88M | $200.54M | $177.03M | $145.37M | $175.91M | $173.29M | $146.44M | $121.19M | $148.98M | $156.45M | $137.67M | $129.45M | $147.22M | $173.56M |
| Avg Forecast | $331.35M | $323.46M | $315.76M | $308.24M | $249.58M | $263.40M | $224.12M | $188.54M | $246.93M | $227.76M | $210.23M | $172.08M | $214.42M | $214.58M | $194.58M | $158.45M | $201.16M | $185.14M | $174.03M | $146.41M | $175.51M | $177.61M | $133.83M | $127.96M | $143.17M | $151.65M | $113.50M | $126.08M | $137.79M | $150.77M |
| High Forecast | $335.82M | $327.83M | $320.02M | $312.41M | $252.95M | $266.96M | $227.15M | $191.94M | $248.84M | $232.33M | $210.23M | $174.40M | $214.79M | $216.00M | $197.21M | $160.59M | $203.88M | $185.14M | $174.03M | $146.41M | $175.51M | $177.61M | $133.83M | $127.96M | $143.17M | $151.65M | $113.50M | $126.08M | $137.79M | $150.77M |
| Low Forecast | $326.59M | $318.82M | $311.23M | $303.82M | $246.00M | $259.62M | $220.90M | $185.15M | $245.02M | $223.18M | $210.23M | $169.61M | $214.04M | $213.16M | $191.79M | $156.18M | $198.28M | $185.14M | $174.03M | $146.41M | $175.51M | $177.61M | $133.83M | $127.96M | $143.17M | $151.65M | $113.50M | $126.08M | $137.79M | $150.77M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 1.04% | 1.03% | 1.05% | 1.08% | 1.02% | 0.99% | 1.00% | 0.98% | 1.09% | 0.95% | 1.04% | 1.03% | 1.21% | 1.03% | 1.07% | 1.15% |
McGrath RentCorp's average Quarter revenue forecast for Dec 23 based on 2 analysts is $214.42M, with a low forecast of $214.04M, and a high forecast of $214.79M. MGRC's average Quarter revenue forecast represents a -11.94% decrease compared to the company's last Quarter revenue of $243.51M (Sep 23).
McGrath RentCorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $66.58M | $47.58M | $47.46M | $55.81M | $73.26M | $64.82M | $54.95M | $70.60M | $64.26M | $56.70M | $47.35M | $64.69M | $61.05M | $56.61M | $53.13M | $61.89M | $69.49M |
| Avg Forecast | $128.62M | $125.56M | $122.57M | $119.65M | $96.88M | $102.25M | $87.00M | $73.19M | $95.85M | $88.41M | $81.61M | $71.16M | $83.23M | $83.29M | $75.53M | $64.70M | $76.98M | $71.85M | $67.54M | $51.14M | $68.12M | $68.93M | $51.94M | $51.04M | $55.57M | $58.86M | $44.05M | $48.88M | $53.48M | $58.51M |
| High Forecast | $130.36M | $127.26M | $124.23M | $121.27M | $98.19M | $103.63M | $88.17M | $74.51M | $96.59M | $90.19M | $81.61M | $85.40M | $83.38M | $83.85M | $76.55M | $77.63M | $92.38M | $71.85M | $67.54M | $61.37M | $68.12M | $68.93M | $51.94M | $61.25M | $55.57M | $58.86M | $44.05M | $58.65M | $53.48M | $58.51M |
| Low Forecast | $126.78M | $123.76M | $120.81M | $117.94M | $95.49M | $100.78M | $85.75M | $71.87M | $95.11M | $86.64M | $81.61M | $56.93M | $83.09M | $82.74M | $74.45M | $51.76M | $61.58M | $71.85M | $67.54M | $40.91M | $68.12M | $68.93M | $51.94M | $40.83M | $55.57M | $58.86M | $44.05M | $39.10M | $53.48M | $58.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | 0.63% | 0.73% | 0.72% | 1.02% | 0.96% | 1.07% | 1.04% | 0.93% | 1.09% | 0.93% | 1.16% | 1.04% | 1.29% | 1.09% | 1.16% | 1.19% |
2 analysts predict MGRC's average Quarter EBITDA for Dec 23 to be $83.23M, with a high of $83.38M and a low of $83.09M. This is 25.00% upper than McGrath RentCorp's previous annual EBITDA (Sep 23) of $66.58M.
McGrath RentCorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $40.37M | $30.58M | $11.52M | $39.64M | $30.57M | $26.14M | $18.79M | $28.45M | $23.25M | $20.61M | $17.40M | $31.18M | $28.10M | $22.55M | $20.16M | $26.40M | $32.47M |
| Avg Forecast | $44.22M | $42.99M | $43.24M | $22.60M | $42.09M | $47.41M | $34.31M | $22.36M | $36.52M | $31.20M | $30.71M | $24.33M | $33.53M | $30.71M | $24.69M | $22.12M | $31.02M | $31.44M | $25.42M | $17.49M | $28.12M | $30.54M | $22.35M | $18.75M | $25.30M | $25.13M | $9.74M | $18.55M | $23.00M | $25.30M |
| High Forecast | $45.00M | $43.75M | $44.00M | $23.00M | $42.83M | $48.25M | $34.91M | $22.75M | $37.16M | $31.75M | $31.79M | $29.20M | $37.21M | $32.67M | $25.12M | $26.55M | $37.22M | $31.54M | $25.42M | $20.99M | $28.12M | $30.56M | $22.35M | $22.50M | $25.30M | $25.13M | $9.74M | $22.26M | $23.00M | $25.30M |
| Low Forecast | $43.40M | $42.19M | $42.43M | $22.18M | $41.31M | $46.53M | $33.67M | $21.94M | $35.84M | $30.62M | $29.62M | $19.47M | $29.62M | $28.74M | $24.23M | $17.70M | $24.82M | $31.33M | $25.42M | $13.99M | $28.12M | $30.51M | $22.35M | $15.00M | $25.30M | $25.13M | $9.74M | $14.84M | $23.00M | $25.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | 1.24% | 0.52% | 1.28% | 0.97% | 1.03% | 1.07% | 1.01% | 0.76% | 0.92% | 0.93% | 1.23% | 1.12% | 2.31% | 1.09% | 1.15% | 1.28% |
McGrath RentCorp's average Quarter net income forecast for Dec 23 is $33.53M, with a range of $29.62M to $37.21M. MGRC's average Quarter net income forecast represents a -16.93% decrease compared to the company's last Quarter net income of $40.37M (Sep 23).
McGrath RentCorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $48.51M | $47.03M | $57.50M | $47.33M | $44.09M | $40.79M | $39.13M | $39.30M | $39.91M | $36.26M | $33.14M | $29.63M | $30.87M | $30.54M | $31.95M | $32.75M | $31.53M |
| Avg Forecast | $76.71M | $74.88M | $73.10M | $71.36M | $57.78M | $60.98M | $51.89M | $43.65M | $57.17M | $52.73M | $48.67M | $50.66M | $49.64M | $49.68M | $45.05M | $46.06M | $42.85M | $42.86M | $40.29M | $36.41M | $40.63M | $41.12M | $30.98M | $35.72M | $33.15M | $35.11M | $26.28M | $29.40M | $31.90M | $34.91M |
| High Forecast | $77.75M | $75.90M | $74.09M | $72.33M | $58.56M | $61.80M | $52.59M | $44.44M | $57.61M | $53.79M | $48.67M | $60.80M | $49.73M | $50.01M | $45.66M | $55.27M | $51.42M | $42.86M | $40.29M | $43.69M | $40.63M | $41.12M | $30.98M | $42.86M | $33.15M | $35.11M | $26.28M | $35.28M | $31.90M | $34.91M |
| Low Forecast | $75.61M | $73.81M | $72.05M | $70.34M | $56.95M | $60.10M | $51.14M | $42.86M | $56.72M | $51.67M | $48.67M | $40.53M | $49.55M | $49.35M | $44.40M | $36.85M | $34.28M | $42.86M | $40.29M | $29.13M | $40.63M | $41.12M | $30.98M | $28.58M | $33.15M | $35.11M | $26.28M | $23.52M | $31.90M | $34.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.04% | 1.25% | 1.10% | 1.03% | 1.01% | 1.07% | 0.97% | 0.97% | 1.17% | 0.93% | 0.89% | 0.88% | 1.16% | 1.09% | 1.03% | 0.90% |
McGrath RentCorp's average Quarter SG&A projection for Dec 23 is $49.64M, based on 2 Wall Street analysts, with a range of $49.55M to $49.73M. The forecast indicates a 2.34% rise compared to MGRC last annual SG&A of $48.51M (Sep 23).
McGrath RentCorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.65 | $1.25 | $0.47 | $1.63 | $1.25 | $1.07 | $0.77 | $1.17 | $0.96 | $0.85 | $0.72 | $1.29 | $1.17 | $0.93 | $0.83 | $1.09 | $1.34 |
| Avg Forecast | $1.80 | $1.75 | $1.76 | $0.92 | $1.71 | $1.93 | $1.40 | $0.91 | $1.49 | $1.27 | $1.25 | $0.73 | $1.36 | $1.25 | $1.00 | $0.69 | $1.38 | $1.28 | $1.03 | $0.72 | $1.15 | $1.24 | $0.91 | $0.77 | $1.03 | $1.02 | $0.40 | $0.71 | $0.94 | $1.03 |
| High Forecast | $1.83 | $1.78 | $1.79 | $0.94 | $1.74 | $1.96 | $1.42 | $0.93 | $1.51 | $1.29 | $1.29 | $0.74 | $1.51 | $1.33 | $1.02 | $0.70 | $1.40 | $1.28 | $1.03 | $0.72 | $1.15 | $1.24 | $0.91 | $0.77 | $1.03 | $1.02 | $0.40 | $0.71 | $0.94 | $1.03 |
| Low Forecast | $1.77 | $1.72 | $1.73 | $0.90 | $1.68 | $1.89 | $1.37 | $0.89 | $1.46 | $1.25 | $1.21 | $0.72 | $1.21 | $1.17 | $0.99 | $0.67 | $1.35 | $1.28 | $1.03 | $0.72 | $1.15 | $1.24 | $0.91 | $0.77 | $1.03 | $1.02 | $0.40 | $0.71 | $0.94 | $1.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.32% | 1.24% | 0.69% | 1.18% | 0.98% | 1.03% | 1.07% | 1.02% | 0.77% | 0.93% | 0.93% | 1.25% | 1.14% | 2.34% | 1.16% | 1.16% | 1.30% |
According to 2 Wall Street analysts, McGrath RentCorp's projected average Quarter EPS for Dec 23 is $1.36, with a low estimate of $1.21 and a high estimate of $1.51. This represents a -17.27% decrease compared to MGRC previous annual EPS of $1.65 (Sep 23).
McGrath RentCorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CTOS | Custom Truck One Source | $5.08 | $6.67 | 31.30% | Buy |
| ALTG | Alta Equipment Group | $7.04 | $9.00 | 27.84% | Hold |
| PRG | PROG | $43.90 | $54.00 | 23.01% | Buy |
| GATX | GATX | $161.11 | $185.00 | 14.83% | Hold |
| HEES | H&E Equipment Services | $53.20 | $58.00 | 9.02% | Buy |
| HRI | Herc | $195.00 | $208.50 | 6.92% | Buy |
| MGRC | McGrath RentCorp | $118.50 | $120.00 | 1.27% | Buy |
| AAN | Aaron's Company | $10.09 | $10.00 | -0.89% | Hold |