Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate McGrath RentCorp before investing.

In this article, we go over a few key elements for understanding McGrath RentCorp’s stock price such as:

• McGrath RentCorp’s current stock price and volume
• Why McGrath RentCorp’s stock price changed recently
• Upgrades and downgrades for MGRC from analysts
• MGRC’s stock price momentum as measured by its relative strength

About McGrath RentCorp (MGRC)

Before we jump into McGrath RentCorp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

McGrath RentCorp is a business-to-business rental company. The Company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco and Enviroplex. Mobile Modular segment is engaged in the modular building business. Mobile Modular segment is for temporary classroom and other educational space needs of public and private schools, colleges and universities in California, Florida, Georgia, Louisiana, Maryland, North Carolina, South Carolina, Texas, Virginia and Washington, D.C. Mobile Modular offers response to requests for information, assistance in the choice of a suitable size and floor plan, in-house customization services, delivery, installation and field service of its units. Portable Storage segment is engaged in the portable storage container business. TRS-RenTelco segment is engaged in the electronic test equipment business. Enviroplex segment includes its classroom manufacturing business selling modular buildings used primarily as classrooms in California.

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McGrath RentCorp’s Stock Price as of Market Close

As of September 23, 2024, 4:00 PM, CST, McGrath RentCorp’s stock price was $103.99.

McGrath RentCorp is up 4.72% from its previous closing price of $99.30.

During the last market session, McGrath RentCorp’s stock traded between $98.45 and $99.90. Currently, there are 24.55 million shares of McGrath RentCorp stock available for purchase.

McGrath RentCorp’s price-earnings (P/E) ratio is currently at 21.0, which is low compared to the Business Support Services industry median of 23.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

McGrath RentCorp Stock Price History

McGrath RentCorp’s (MGRC) price is currently down 3.85% so far this month.

During the month of September, McGrath RentCorp’s stock price has reached a high of $108.39 and a low of $95.50.

Over the last year, McGrath RentCorp has hit prices as high as $130.86 and as low as $95.50. Year to date, McGrath RentCorp’s stock is up 5.32%.

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What Caused McGrath RentCorp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 20, 2024, there were 2 analysts who downgraded McGrath RentCorp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate McGrath RentCorp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on McGrath RentCorp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

McGrath RentCorp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about McGrath RentCorp (MGRC) by visiting AAII Stock Evaluator.

Relative Price Strength of McGrath RentCorp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 20, 2024, McGrath RentCorp has a weighted four-quarter relative price strength of -7.66%, which translates to a Momentum Score of 36 and is considered to be Weak.

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McGrath RentCorp Stock Price: Bottom Line

As of September 23, 2024, McGrath RentCorp’s stock price is $103.99, which is up 4.72% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like McGrath RentCorp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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