MGRC trades 25.0% below Wall Street's consensus target of $141.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MGRC achieves its forward estimates and maintains a stable P/E multiple of 17.7x. This scenario reflects the blended consensus of 5 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, McGrath RentCorp (MGRC) has a Wall Street consensus price target of $141.50, based on estimates from 5 covering analysts. With the stock currently trading at $113.24, this represents a potential upside of +25.0%. The company has a market capitalization of $2.77B.
Analyst price targets range from a low of $140.00 to a high of $143.00, representing a 2% spread in expectations. The median target of $141.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 3 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MGRC trades at a trailing P/E of 17.8x and forward P/E of 17.7x. The forward PEG ratio of 2.00 reflects a premium valuation. Analysts expect EPS to grow +2.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $139.92, with bear and bull scenarios of $88.15 and $184.36 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 URIUnited Rentals, Inc. | $64.2B | $1031.99 | $1219.15 | +18.1% | Buy | 20.9x | 41 |
 TREXTrex Company, Inc. | $4.5B | $43.62 | $52.89 | +21.3% | Hold | 24.7x | 34 |
 WSCWillScot Holdings Corporation | $3.2B | $17.90 | $27.50 | +53.6% | Buy | 16.0x | 13 |
 KFRCKforce Inc. | $929M | $52.07 | $59.00 | +13.3% | Hold | 20.5x | 10 |
 RSGRepublic Services, Inc. | $65.6B | $213.10 | $237.25 | +11.3% | Buy | 29.3x | 35 |
 GATXGATX Corporation | $6.6B | $185.70 | $220.00 | +18.5% | Buy | 18.2x | 14 |
 ALAir Lease Corporation | $7.3B | $65.00 | $60.00 | -7.7% | Buy | 12.8x | 20 |
 CATCaterpillar Inc. | $374.0B | $812.02 | $985.58 | +21.4% | Buy | 29.8x | 56 |
 DEDeere & Company | $191.5B | $709.48 | $731.20 | +3.1% | Buy | 39.2x | 46 |
 TEXTerex Corporation | $4.3B | $58.21 | $82.50 | +41.7% | Buy | 11.5x | 31 |
Quick answers to the most common questions about buying MGRC stock.
The consensus Wall Street price target for MGRC is $141.5, representing 25.0% upside from the current price of $113.24. With 5 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
MGRC has a consensus rating of "Buy" based on 5 Wall Street analysts. The rating breakdown is predominantly bullish, with 3 Buy/Strong Buy ratings. The consensus 12-month price target of $141.5 implies 25.0% upside from current levels.
With a forward P/E of 17.6617x, MGRC trades at a relatively low valuation. The consensus target of $141.5 implies 25.0% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $143 for MGRC, while the most conservative target is $140. The consensus of $141.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $184 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MGRC is moderately covered, with 5 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MGRC stock forecast based on 5 Wall Street analysts shows a consensus price target of $141.5, with estimates ranging from $140 (bear case) to $143 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $140, with bear/bull scenarios of $88/$184.
Our quantitative valuation model calculates MGRC's fair value at $140 (base case), with a bear case of $88 and bull case of $184. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
MGRC trades at a forward P/E ratio of 17.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on MGRC, with a "Buy" consensus rating and $141.5 price target (25.0% upside). 3 of 5 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MGRC analyst price targets range from $140 to $143, a 2% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $141.5 consensus represents the middle ground. Our model's $88-$184 range provides an independent fundamental perspective.
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