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How to buy McGrath RentCorp stock | $64.68

Own McGrath RentCorp stock in just a few minutes.

Fact checked

McGrath RentCorp is a rental & leasing services business based in the US. McGrath RentCorp shares (MGRC) are listed on the NASDAQ and all prices are listed in US Dollars. McGrath RentCorp employs 1,099 staff and has a trailing 12-month revenue of around USD$570.8 million.

How to buy shares in McGrath RentCorp

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for McGrath RentCorp. Find the stock by name or ticker symbol: MGRC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until McGrath RentCorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$64.68, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of McGrath RentCorp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of McGrath RentCorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

McGrath RentCorp share price

Use our graph to track the performance of MGRC stocks over time.

McGrath RentCorp shares at a glance

Information last updated 2020-12-02.
Latest market closeUSD$64.68
52-week rangeUSD$43.3512 - USD$82.115
50-day moving average USD$62.7949
200-day moving average USD$60.1024
Wall St. target priceUSD$76.67
PE ratio 16.2937
Dividend yield USD$1.68 (2.61%)
Earnings per share (TTM) USD$3.95

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy McGrath RentCorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

McGrath RentCorp price performance over time

Historical closes compared with the close of $64.68 from 2020-12-09

1 week (2021-01-12) N/A
1 month (2020-12-23) 1.33%
3 months (2020-10-19) N/A
6 months (2020-07-19) N/A
1 year (2020-01-19) N/A
2 years (2019-01-19) N/A
3 years (2018-01-19) N/A
5 years (2016-01-19) N/A

Is McGrath RentCorp under- or over-valued?

Valuing McGrath RentCorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of McGrath RentCorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

McGrath RentCorp's P/E ratio

McGrath RentCorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, McGrath RentCorp shares trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

McGrath RentCorp's PEG ratio

McGrath RentCorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.6296. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into McGrath RentCorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

McGrath RentCorp's EBITDA

McGrath RentCorp's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$146.9 million.

The EBITDA is a measure of a McGrath RentCorp's overall financial performance and is widely used to measure a its profitability.

McGrath RentCorp financials

Revenue TTM USD$570.8 million
Operating margin TTM 24.17%
Gross profit TTM USD$266.2 million
Return on assets TTM 6.63%
Return on equity TTM 15.21%
Profit margin 17.03%
Book value $27.44
Market capitalisation USD$1.6 billion

TTM: trailing 12 months

Shorting McGrath RentCorp shares

There are currently 183,191 McGrath RentCorp shares held short by investors – that's known as McGrath RentCorp's "short interest". This figure is 0.7% down from 184,532 last month.

There are a few different ways that this level of interest in shorting McGrath RentCorp shares can be evaluated.

McGrath RentCorp's "short interest ratio" (SIR)

McGrath RentCorp's "short interest ratio" (SIR) is the quantity of McGrath RentCorp shares currently shorted divided by the average quantity of McGrath RentCorp shares traded daily (recently around 70188.122605364). McGrath RentCorp's SIR currently stands at 2.61. In other words for every 100,000 McGrath RentCorp shares traded daily on the market, roughly 2610 shares are currently held short.

However McGrath RentCorp's short interest can also be evaluated against the total number of McGrath RentCorp shares, or, against the total number of tradable McGrath RentCorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case McGrath RentCorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 McGrath RentCorp shares in existence, roughly 10 shares are currently held short) or 0.0086% of the tradable shares (for every 100,000 tradable McGrath RentCorp shares, roughly 9 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against McGrath RentCorp.

Find out more about how you can short McGrath RentCorp stock.

McGrath RentCorp share dividends

41%

Dividend payout ratio: 41.39% of net profits

Recently McGrath RentCorp has paid out, on average, around 41.39% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.61% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), McGrath RentCorp shareholders could enjoy a 2.61% return on their shares, in the form of dividend payments. In McGrath RentCorp's case, that would currently equate to about $1.68 per share.

While McGrath RentCorp's payout ratio might seem fairly standard, it's worth remembering that McGrath RentCorp may be investing much of the rest of its net profits in future growth.

McGrath RentCorp's most recent dividend payout was on 30 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 15 October 2020 (the "ex-dividend date").

Have McGrath RentCorp's shares ever split?

McGrath RentCorp's shares were split on a 2:1 basis on 28 March 2005. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your McGrath RentCorp shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for McGrath RentCorp shares which in turn could have impacted McGrath RentCorp's share price.

McGrath RentCorp share price volatility

Over the last 12 months, McGrath RentCorp's shares have ranged in value from as little as $43.3512 up to $82.115. A popular way to gauge a stock's volatility is its "beta".

MGRC.US volatility(beta: 1.01)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while McGrath RentCorp's is 1.0141. This would suggest that McGrath RentCorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

McGrath RentCorp overview

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.

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