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How to buy McGrath RentCorp (MGRC) stocks in Canada
Learn how to easily invest in McGrath RentCorp stocks.
McGrath RentCorp is a rental & leasing services business based in the US. McGrath RentCorp stocks (MGRC.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $77.89 – a decrease of 1.41% over the previous week. McGrath RentCorp employs 1,061 staff and has a trailing 12-month revenue of around $589.9 million.
How to buy shares in McGrath RentCorp
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – MGRC – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
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.
What's in this guide?
- Can I buy shares in McGrath RentCorp?
- Has coronavirus impacted McGrath RentCorp shares?
- McGrath RentCorp shares summary
- Compare share dealing platforms
- Is McGrath RentCorp stock a buy or sell?
- McGrath RentCorp performance over time
- Are McGrath RentCorp shares over-valued?
- McGrath RentCorp's financials
- How volatile are McGrath RentCorp shares?
- Does McGrath RentCorp pay a dividend?
- Have McGrath RentCorp shares ever split?
- Other common questions
How has Coronavirus impacted McGrath RentCorp's stock price?
Since the stock market crash in March caused by coronavirus, McGrath RentCorp's stock price has had significant negative movement.
Its last market close was $77.34, which is 2.72% down on its pre-crash value of $79.5 and 74.50% up on the lowest point reached during the March crash when the stocks fell as low as $44.32.
If you had bought $1,000 worth of McGrath RentCorp stocks at the start of February 2020, those stocks would have been worth $599.97 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $993.82.
McGrath RentCorp stock price (NASDAQ:MGRC)Use our graph to track the performance of MGRC stocks over time.
McGrath RentCorp shares at a glance
|Latest market close||$77.34|
|52-week range||$66.33 - $86.07|
|50-day moving average||$78.59|
|200-day moving average||$77.76|
|Wall St. target price||$91.50|
|Dividend yield||$1.725 (2.23%)|
|Earnings per share (TTM)||$3.78|
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Note: The dollar amounts in the table below are in Canadian dollars.
McGrath RentCorp price performance over time
|1 week (2022-01-12)||-1.41%|
|1 month (2021-12-17)||2.63%|
|3 months (2021-10-19)||3.38%|
|6 months (2021-07-19)||2.76%|
|1 year (2021-01-19)||7.61%|
|2 years (2020-01-17)||-0.77%|
|3 years (2019-01-18)||51.86%|
|5 years (2017-01-19)||107.74%|
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 21x. In other words, McGrath RentCorp shares trade at around 21x 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 2.1453. 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 $144.8 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||$589.9 million|
|Operating margin TTM||22.34%|
|Gross profit TTM||$263.7 million|
|Return on assets TTM||5.67%|
|Return on equity TTM||13.45%|
|Market capitalisation||$1.9 billion|
TTM: trailing 12 months
McGrath RentCorp share dividends
Dividend payout ratio: 46.15% of net profits
Recently McGrath RentCorp has paid out, on average, around 46.15% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.23% 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 2.23% return on their shares, in the form of dividend payments. In McGrath RentCorp's case, that would currently equate to about $1.725 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 January 2022. The latest dividend was paid out to all shareholders who bought their shares by 13 January 2022 (the "ex-dividend date").
Have McGrath RentCorp's shares ever split?
McGrath RentCorp's shares were split on a 2:1 basis on 27 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 $66.3263 up to $86.0722. A popular way to gauge a stock's volatility is its "beta".
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 0.8307. This would suggest that McGrath RentCorp's shares are less volatile than average (for this exchange).
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.
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Frequently asked questions
McGrath RentCorp in the news
McGrath RentCorp (MGRC) Shares Cross Below 200 DMA
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