Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for McGrath RentCorp (NASDAQ: MGRC) improved recently. MGRC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
McGrath RentCorp (NASDAQ: MGRC) stock closed at $124.72 on 3/1/24 after a slight gain of 0.2%. However, below average trading volume at 67% of normal accompanied the advance. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MGRC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
McGrath RentCorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. McGrath RentCorp has a slightly negative Appreciation Score of 37 but a very high Power Rating of 92, resulting in the Positive Value Trend Rating.
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