Shares of McGrath RentCorp (NASDAQ:MGRC) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 12 month consensus price target of $99.00 for the company and are forecasting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given McGrath RentCorp an industry rank of 241 out of 254 based on the ratings given to its competitors.

Several equities analysts have weighed in on MGRC shares. BidaskClub downgraded shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Oppenheimer reiterated a “hold” rating on shares of McGrath RentCorp in a report on Thursday, April 30th. Sidoti lifted their price target on shares of McGrath RentCorp from $90.00 to $99.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Zacks Investment Research upgraded shares of McGrath RentCorp from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Saturday, May 2nd.

Several hedge funds have recently modified their holdings of MGRC. State Street Corp lifted its holdings in McGrath RentCorp by 1.9% in the third quarter. State Street Corp now owns 554,232 shares of the financial services provider’s stock worth $38,569,000 after acquiring an additional 10,403 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in McGrath RentCorp by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 245,784 shares of the financial services provider’s stock worth $18,813,000 after purchasing an additional 2,608 shares in the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in McGrath RentCorp during the fourth quarter worth approximately $1,674,000. Great West Life Assurance Co. Can acquired a new position in McGrath RentCorp in the fourth quarter worth approximately $134,000. Finally, Janus Henderson Group PLC acquired a new position in McGrath RentCorp in the fourth quarter worth approximately $209,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

MGRC stock traded down $0.54 during trading on Friday, hitting $58.57. 6,741 shares of the company’s stock were exchanged, compared to its average volume of 131,865. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.35 and a beta of 0.91. McGrath RentCorp has a 52-week low of $44.32 and a 52-week high of $83.95. The business has a 50-day moving average price of $52.60 and a two-hundred day moving average price of $66.85.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.08. McGrath RentCorp had a return on equity of 15.89% and a net margin of 17.05%. The business had revenue of $129.50 million for the quarter, compared to analyst estimates of $126.08 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that McGrath RentCorp will post 2.4 EPS for the current year.

About McGrath RentCorp

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The company operates in four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.

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