$111.71
2.41[2.20%]
At close: Apr 26
$111.71
0[0.00%]
After Hours: 4:20PM EDT
McGrath RentCorp
(NASDAQ:MGRC)McGrath RentCorp Stock (NASDAQ:MGRC), Analyst Ratings, Price Targets, Predictions
McGrath RentCorp has a consensus price target of $121.5, established from looking at the 4 latest analyst ratings. The last 3 analyst ratings were released from Oppenheimer, Oppenheimer, and Sidoti & Co. on October 6, 2023, February 23, 2023, and February 2, 2023. With an average price target of $119 between Oppenheimer, Oppenheimer, and Sidoti & Co., there's an implied 6.53% upside for McGrath RentCorp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Oppenheimer
Sidoti & Co.
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for McGrath RentCorp
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10/06/2023 | MGRC | Buy Now | McGrath RentCorp | $111.71 | 3.84% | Oppenheimer | Scott Schneeberger | $114 → $116 | Maintains | Outperform | Get Alert |
| 02/23/2023 | MGRC | Buy Now | McGrath RentCorp | $111.71 | 2.05% | Oppenheimer | Scott Schneeberger | $107 → $114 | Maintains | Outperform | Get Alert |
| 02/02/2023 | MGRC | Buy Now | McGrath RentCorp | $111.71 | 13.69% | Sidoti & Co. | Marc Riddick | → $127 | Upgrade | Neutral → Buy | Get Alert |
| 11/16/2022 | MGRC | Buy Now | McGrath RentCorp | $111.71 | -5.11% | Sidoti & Co. | Marc Riddick | → $106 | Downgrade | Buy → Neutral | Get Alert |
FAQ
What is the target price for McGrath RentCorp (MGRC)?
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 3.84% upside). 1 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for McGrath RentCorp (MGRC)?
The latest analyst rating for McGrath RentCorp (NASDAQ: MGRC) was provided by Oppenheimer, and McGrath RentCorp maintained their outperform rating.
When was the last upgrade for McGrath RentCorp (MGRC)?
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.
When was the last downgrade for McGrath RentCorp (MGRC)?
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.
When is the next analyst rating going to be posted or updated for McGrath RentCorp (MGRC)?
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.
Is the Analyst Rating McGrath RentCorp (MGRC) correct?
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 $111.71, which is out of the analyst’s predicted range.
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