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McGrath RentCorp (MGRC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MGRC Stock Forecast

McGrath RentCorp (MGRC) stock forecast, based on 13 Wall Street analysts, predicts a 12-month average price target of $120.00, with a high of $120.00 and a low of $120.00. This represents a -2.10% decline from the last price of $122.58.

$105 $109 $113 $117 $121 $125 High: $120 Avg: $120 Low: $120 Last Closed Price: $122.58

MGRC Stock Rating

McGrath RentCorp stock's rating consensus is Buy, based on 13 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (53.85%), 4 Hold (30.77%), 2 Sell (15.38%), and 0 Strong Sell (0.00%).

Buy
Total 13 0 2 4 7 Strong Sell Sell Hold Buy Strong Buy

MGRC Forecast vs Benchmarks

TypeNameUpside
StockMcGrath RentCorp-2.10%
SectorIndustrials Stocks 15.95%
IndustryRental & Leasing Service Stocks16.39%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$120.00
Last Closing Price$122.58$122.58$122.58
Upside/Downside---2.10%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2511---2
Dec, 2411---2
Nov, 24112--4
Oct, 24112--4
Sep, 24112--4
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 25, 2024Scott SchneebergerOppenheimer$120.00$108.2110.90%-2.10%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Feb 02, 2023Deutsche BankUnderweightdowngrade
Nov 16, 2022Sidoti & Co.Neutraldowngrade

Financial Forecast

EPS Forecast

$3 $4 $5 $6 $7 $8 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$4.22$3.70$4.73$7.14---
Avg Forecast$3.91$3.65$4.46$4.83$5.28$5.95$6.69
High Forecast$3.83$3.57$4.24$4.48$4.89$5.52$6.25
Low Forecast$3.99$3.72$4.65$5.13$5.61$6.33$7.48
Surprise %7.93%1.37%6.05%47.83%---

Revenue Forecast

$550M $640M $730M $820M $910M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$572.55M$616.83M$733.82M$831.84M---
Avg Forecast$566.87M$616.42M$724.08M$824.65M$914.13M$925.67M$977.17M
High Forecast$558.42M$607.24M$696.36M$824.30M$912.21M$877.06M$977.16M
Low Forecast$575.31M$625.60M$748.03M$825.00M$916.04M$974.27M$977.17M
Surprise %1.00%0.07%1.35%0.87%---

Net Income Forecast

$50M $80M $110M $140M $170M $200M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$101.98M$89.70M$115.14M$174.62M---
Avg Forecast$81.71M$95.75M$101.27M$111.85M$128.78M$142.93M$161.11M
High Forecast$65.36M$76.60M$81.01M$89.48M$119.97M$135.36M$153.36M
Low Forecast$98.05M$114.90M$121.52M$134.22M$137.58M$155.23M$183.58M
Surprise %24.82%-6.31%13.70%56.12%---

MGRC Forecast FAQ

Is McGrath RentCorp stock a buy?

McGrath RentCorp stock has a consensus rating of Buy, based on 13 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 4 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that McGrath RentCorp is a favorable investment for most analysts.

What is McGrath RentCorp's price target?

McGrath RentCorp's price target, set by 13 Wall Street analysts, averages $120 over the next 12 months. The price target range spans from $120 at the low end to $120 at the high end, suggesting a potential -2.10% change from the previous close price of $122.58.

How does McGrath RentCorp stock forecast compare to the average forecast of its sector, industry, and investment themes?

McGrath RentCorp stock forecast shows a -2.10% downside, underperforming the average forecast for the industrials stocks sector (15.95%) and underperforming the rental & leasing service stocks industry (16.39%).

What is the breakdown of analyst ratings for McGrath RentCorp over the past three months?

  • January 2025: 50.00% Strong Buy, 50.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 50.00% Strong Buy, 50.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 25.00% Strong Buy, 25.00% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.

What is McGrath RentCorp’s EPS forecast?

McGrath RentCorp's average annual EPS forecast for its fiscal year ending in December is 5.28 for 2024, a -26.05% decrease from the reported $7.14 in 2023. The prediction for 2025 is $5.95, and $6.69 for 2026.

What is McGrath RentCorp’s revenue forecast?

McGrath RentCorp's average annual revenue forecast for its fiscal year ending in December is $914.13M for 2024, a 9.89% increase from the reported $831.84M in 2023. The forecast for 2025 is $925.67M, and $977.17M for 2026.

What is McGrath RentCorp’s net income forecast?

For its fiscal year ending in December, McGrath RentCorp's average annual net income forecast is $128.78M for 2024, reflecting a -26.25% decrease from the reported $174.62M in 2023. The projection for 2025 is $142.93M, and $161.11M for 2026.