The price of MGRC is predicted to go up 3.4%, based on the high correlation periods with TMUS. The similarity of these two price pattern on the periods is 98.63%.
MGRC
TMUS
Up: 3.4%Similarity: 98.63%
MGRC Revenue Forecast
MGRC EPS Forecast
MGRC FAQs
What is bull’s view on MGRC?
MGRC stock is currently trading at $118.79, with analysts projecting a bullish price target of $152, indicating a 26.87% upside potential. The stock recently entered oversold territory with an RSI of 29, suggesting a strong buying opportunity as selling pressure may be easing. Additionally, its stable dividend yield of 1.7% and consistent operational growth further support a positive outlook.
What is bear's view on MGRC?
MGRC stock, currently trading at $118.79, faces bearish sentiment due to its recent oversold status with an RSI of 29.0, indicating weak momentum and potential further downside. Additionally, the stock's dividend yield of 1.70% at lower prices may not be sufficient to attract significant investor interest in the short term. Bears may target a retest of the $109.98 level, where it previously traded during heavy selling pressure.
What is MGRC revenue forecast for next quarter?
The market consensus for MGRC's revenue in the upcoming quarter is projected to be approximately $188.542M USD.
What is MGRC eps forecast for next quarter?
The market consensus for MGRC's eps in the upcoming quarter is projected to be approximately $0.91 USD.
Oppenheimer raised the firm's price target on McGrath RentCorp to $124 from $120 and keeps an Outperform rating on the shares. McGrath's Q3 rental revenue, total revenue, and adjusted EBITDA topped the firm's estimates, and Mobile Modular segment rental revenue growth was "impressive" at 9%, the analyst tells investors in a research note.