Published On: Wed, Oct 19th, 2016

Analyst Review: McGrath RentCorp (NASDAQ:MGRC)


A number of investment brokers have recently updated their price targets on shares of McGrath RentCorp (NASDAQ:MGRC).

Most recent broker ratings

09/14/2016 – McGrath RentCorp had its “buy” rating reiterated by analysts at Sidoti. They now have a USD 40 price target on the stock.

11/04/2015 – McGrath RentCorp was downgraded to “sector weight” by analysts at KeyBanc.

05/03/2015 – McGrath RentCorp was upgraded to “hold” by analysts at Zacks.

The share price of McGrath RentCorp (NASDAQ:MGRC) was up +0.00% during the last day of trading, with a day high of 30.72. 66807 shares were traded during the last session.

The stock’s 50 day moving average is 31.62 and its 200 day moving average is 29.50. The stock’s market capitalization is 728.21M. McGrath RentCorp has a 52-week low of 21.46 and a 52-week high of 33.35.

McGrath RentCorp is a diversified business-to-business rental company with four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The Company operates in four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division. The TRS-RenTelco rents and sells electronic test equipment. The Adler Tanks segment offers tanks and boxes used to store hazardous and non-hazardous liquids and solids. Enviroplex manufactures portable classrooms.