Sell-Side Analysts Take Aim at McGrath RentCorp (NASDAQ:MGRC) Shares

Some individual investors may rely heavily on Wall Street analyst opinions when conducting their own stock research. Focusing in on shares of McGrath RentCorp (NASDAQ:MGRC), we have seen that the average broker rating is currently 2. This average rating follows a numerical scale where a 1 would signify a Strong Buy rating, and a 5 would indicate a Strong Sell rating. Out of the sell-side analysts polled by Zacks Research, 1 have given the stock a Strong Buy or Buy rating.

Investors often have to figure out how aggressive they want to be when getting into the stock market. There are individuals who may have had some initial success based on random luck, but diving without preparation can leave investors on the short end of the stick in the long run. Investors may be tempted by the next hot stock that is being talked about around the water cooler. Investors might not realize how risky a certain stock may be, and they may find out that the over performer has already made the run. Doing all the homework may involve tracking technicals, fundamentals, current economic data, and earnings releases. Putting in the time to do the proper research may help the investor see profits down the road.

Zooming in on the current quarter EPS consensus estimate for McGrath RentCorp (NASDAQ:MGRC), we see that the current number is 0.81. This EPS estimate is using 2 Wall Street analysts polled by Zacks Research. Last quarter, the company stated a quarterly EPS of 1.01. Sell-side analysts have the task of examining companies and providing estimates relating to future results. These estimates carry a lot of weight on the Street, and earnings hits or misses revolve around these numbers. Sometimes these predictions are very close to the actual reported number, and other times they are not. Many investors will be closely watching which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely out of the ordinary after combing through the results.

Individual investors might be looking at all the angles in order to concoct a winning plan for the next few quarters. The diligent investor is typically on the ball and ready to encounter any unforeseen market movements. Monitoring recent stock price activity on shares of McGrath RentCorp (NASDAQ:MGRC) we have noted that the stock price has been trading near $53.76. Turning the focus to some historical price information, we note that the stock has moved -6.15% over the previous 12 weeks. Since the start of the year, we note that shares have seen a change of 14.43%. Over the last 4 weeks, shares have seen a change of 8.98%. Over the last 5 sessions, the stock has moved 1.43%. After a recent scan, we can see that the 52-week high is currently $67.81, and the 52-week low is presently $44.54.

Following shares of McGrath RentCorp (NASDAQ:MGRC), we can see that the average consensus target price based on contributing analysts is currently $70. Wall Street analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Navigating the equity markets can seem daunting at times. Finding ways to identify the important data can make a big difference in sustaining profits into the future. As we move closer to the end of the year, investors will be watching to see which way the momentum shifts and if stocks are still primed to go higher. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.

Investors may be scouring the exchanges for the next breakout stock. With the next earnings season in focus, investors will be keeping their eyes open for names that have upside potential. Tracking earnings results can help the investor see how healthy the company is. Investors may choose to research companies that produce large earnings beats. Taking the time to fully research the fundamentals can help the investor start piecing together the puzzle. Although many investors may not feel comfortable making trades around earnings, they can prepare for the aftermath and set up a plan to proceed once the market settles.

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