McGrath RentCorp has a consensus price target of $121.5 based on the ratings of 2 analysts. The high is $127 issued by Sidoti & Co. on February 2, 2023. The low is $116 issued by Oppenheimer on October 6, 2023. The 3 most-recent analyst ratings were released by Oppenheimer, Oppenheimer, and Sidoti & Co. on October 6, 2023, February 23, 2023, and February 2, 2023, respectively. With an average price target of $119 between Oppenheimer, Oppenheimer, and Sidoti & Co., there's an implied 19.84% upside for McGrath RentCorp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for McGrath RentCorp (NASDAQ:MGRC) was reported by Oppenheimer on October 6, 2023. The analyst firm set a price target for $116.00 expecting MGRC to rise to within 12 months (a possible 16.82% upside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for McGrath RentCorp (NASDAQ:MGRC) was provided by Oppenheimer, and McGrath RentCorp maintained their outperform rating.
The last upgrade for McGrath RentCorp happened on February 2, 2023 when Sidoti & Co. raised their price target to $127. Sidoti & Co. previously had a neutral for McGrath RentCorp.
The last downgrade for McGrath RentCorp happened on November 16, 2022 when Sidoti & Co. changed their price target from N/A to $106 for McGrath RentCorp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of McGrath RentCorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for McGrath RentCorp was filed on October 6, 2023 so you should expect the next rating to be made available sometime around October 6, 2024.
While ratings are subjective and will change, the latest McGrath RentCorp (MGRC) rating was a maintained with a price target of $114.00 to $116.00. The current price McGrath RentCorp (MGRC) is trading at is $99.30, which is out of the analyst’s predicted range.
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