Stock Rating Downgrade
During the last several trading days the Value Trend Rating for McGrath RentCorp (NASDAQ: MGRC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
McGrath RentCorp (NASDAQ: MGRC) stock closed at $112.30 on 5/20/24 after a modest gain of 0.6%. However, exceptionally low trading volume at 27% of normal accompanied the advance. The stock has risen 2.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MGRC is expected to continue to be an important Value Builder.
McGrath RentCorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. McGrath RentCorp has a neutral Appreciation Score of 42 but a good Power Rating of 80, and the High Neutral Value Trend Rating results.
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