Mcgrath Rentcorp Stock Today
| MGRC Stock | USD 107.93 0.27 0.25% |
Performance0 of 100
| Odds Of DistressLess than 19
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McGrath RentCorp is trading at 107.93 as of the 24th of April 2024, a 0.25 percent increase since the beginning of the trading day. The stock's open price was 107.66. McGrath RentCorp has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for McGrath RentCorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Commercial & Professional Services | IPO Date 26th of March 1990 | Category Industrials |
McGrath RentCorp operates as a business to business rental company in the United States and internationally. The company was incorporated in 1979 and is headquartered in Livermore, California. McGrath RentCorp operates under Rental Leasing Services classification in the United States and is traded on NASDAQ Exchange. The company has 24.55 M outstanding shares of which 1.85 M shares are now shorted by private and institutional investors with about 6.69 trading days to cover. More on McGrath RentCorp
Moving against McGrath Stock
| 0.57 | ABM | ABM Industries rporated Financial Report 4th of June 2024 | PairCorr |
| 0.47 | EH | Ehang Holdings | PairCorr |
McGrath Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. McGrath RentCorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding McGrath RentCorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Dennis Kakures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Commercial Services & Supplies, Commercial & Professional Services, Industrials, NASDAQ Composite, NASDAQ Composite Total, Industrials, Commercial Services & Supplies, Rental & Leasing Services, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering McGrath RentCorp report their recommendations after researching McGrath RentCorp's financial statements, talking to executives and customers, or listening in on McGrath RentCorp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering McGrath RentCorp. The McGrath consensus assessment is calculated by taking the average forecast from all of the analysts covering McGrath RentCorp. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of McGrath RentCorp's profitability, liquidity, and operating efficiency, McGrath RentCorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of McGrath RentCorp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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McGrath RentCorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to McGrath RentCorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand McGrath RentCorp's financial leverage. It provides some insight into what part of McGrath RentCorp's total assets is financed by creditors.
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McGrath RentCorp (MGRC) is traded on NASDAQ Exchange in USA. It is located in 5700 Las Positas Road, Livermore, CA, United States, 94551-7800 and employs 1,204 people. McGrath RentCorp is listed under Commercial Services & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.64 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate McGrath RentCorp's market, we take the total number of its shares issued and multiply it by McGrath RentCorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. McGrath RentCorp conducts business under Commercial Services & Supplies sector and is part of Industrials industry. The entity has 24.55 M outstanding shares of which 1.85 M shares are now shorted by private and institutional investors with about 6.69 trading days to cover.
McGrath RentCorp currently holds about 1.56 M in cash with 95.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check McGrath RentCorp Probability Of Bankruptcy
Ownership AllocationMcGrath RentCorp holds a total of 24.55 Million outstanding shares. The majority of McGrath RentCorp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in McGrath RentCorp to benefit from reduced commissions. Accordingly, institutional holders are subject to a different set of regulations than regular investors in McGrath RentCorp. Please pay attention to any change in the institutional holdings of McGrath RentCorp as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check McGrath Ownership Details
McGrath Stock Price Odds Analysis
What are McGrath RentCorp's target price odds to finish over the current price? Based on a normal probability distribution, the odds of McGrath RentCorp jumping above the current price in 90 days from now is about 99.0%. The McGrath RentCorp probability density function shows the probability of McGrath RentCorp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days McGrath RentCorp has a beta of 0.8166. This indicates as returns on the market go up, McGrath RentCorp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding McGrath RentCorp will be expected to be much smaller as well. Additionally, mcGrath RentCorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of McGrath RentCorp to move above the current price in 90 days from now is about 99.0 (This McGrath RentCorp probability density function shows the probability of McGrath Stock to fall within a particular range of prices over 90 days) .
McGrath Stock Institutional Holders
Institutional Holdings refers to the ownership stake in McGrath RentCorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of McGrath RentCorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing McGrath RentCorp's value.| Instituion | Recorded On | Shares | |
| Loomis, Sayles & Company Lp | 2023-12-31 | 514.3 K | |
| T. Rowe Price Investment Management,inc. | 2023-12-31 | 506.9 K | |
| Capital Research Global Investors | 2023-12-31 | 467.7 K | |
| Snyder Capital Management Lp | 2023-12-31 | 409.4 K | |
| Northern Trust Corp | 2023-12-31 | 309.5 K | |
| Clearbridge Advisors, Llc | 2023-12-31 | 304.4 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 275.5 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 268.4 K | |
| American Century Companies Inc | 2023-12-31 | 255.9 K | |
| Vanguard Group Inc | 2023-12-31 | 2.7 M | |
| Blackrock Inc | 2023-12-31 | 2.1 M |
McGrath RentCorp Historical Income Statement
McGrath RentCorp Income Statement is one of the three primary financial statements used for reporting McGrath's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of McGrath RentCorp revenue and expense. McGrath RentCorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, McGrath RentCorp's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 413.3 M, whereas Minority Interest is forecasted to decline to about 54.7 K. View More FundamentalsMcGrath Stock Against Markets
Picking the right benchmark for McGrath RentCorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in McGrath RentCorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for McGrath RentCorp is critical whether you are bullish or bearish towards McGrath RentCorp at a given time. Please also check how McGrath RentCorp's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in McGrath RentCorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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McGrath RentCorp Corporate Directors
McGrath RentCorp corporate directors refer to members of a McGrath RentCorp board of directors. The board of directors generally takes responsibility for the McGrath RentCorp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of McGrath RentCorp's board members must vote for the resolution. The McGrath RentCorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Morris Smith | Independent Director | Profile | |
| Elizabeth Fetter | Director | Profile | |
| William Dawson | Independent Director | Profile | |
| Kimberly Box | Director | Profile |
How to buy McGrath Stock?
Before investing in McGrath RentCorp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in McGrath RentCorp. To buy McGrath RentCorp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of McGrath RentCorp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase McGrath RentCorp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located McGrath RentCorp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased McGrath RentCorp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as McGrath RentCorp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy McGrath Stock please use our How to Invest in McGrath RentCorp guide.
Already Invested in McGrath RentCorp?
The danger of trading McGrath RentCorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of McGrath RentCorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than McGrath RentCorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile McGrath RentCorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether McGrath RentCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McGrath RentCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mcgrath Rentcorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcgrath Rentcorp Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running McGrath RentCorp's price analysis, check to measure McGrath RentCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McGrath RentCorp is operating at the current time. Most of McGrath RentCorp's value examination focuses on studying past and present price action to predict the probability of McGrath RentCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McGrath RentCorp's price. Additionally, you may evaluate how the addition of McGrath RentCorp to your portfolios can decrease your overall portfolio volatility.
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Is McGrath RentCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McGrath RentCorp. If investors know McGrath will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McGrath RentCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 1.86 | Earnings Share 4.56 | Revenue Per Share 33.996 | Quarterly Revenue Growth 0.212 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.