McGrath RentCorp Upgraded to “Buy” at KeyCorp (MGRC)
McGrath RentCorp (NASDAQ:MGRC) was upgraded by research analysts at KeyCorp from a “hold” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $41.00 target price on the stock. KeyCorp’s price objective points to a potential upside of 18.46% from the company’s current price.
In other McGrath RentCorp news, VP Trease Kristina Van sold 2,339 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $34.30, for a total value of $80,227.70. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of McGrath RentCorp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $31.80 price target on the stock.
McGrath RentCorp (NASDAQ:MGRC) traded up 2.28% during mid-day trading on Thursday, hitting $34.61. The stock had a trading volume of 90,023 shares. McGrath RentCorp has a one year low of $29.02 and a one year high of $40.10. The stock’s 50-day moving average is $33.09 and its 200-day moving average is $35.87. The company has a market cap of $895.5 million and a P/E ratio of 21.04.
McGrath RentCorp (NASDAQ:MGRC) last announced its earnings results on Wednesday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.06. On average, analysts predict that McGrath RentCorp will post $1.70 earnings per share for the current fiscal year.
McGrath RentCorp (NASDAQ:MGRC) is a diversified business to business rental company.
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