MGRC trades 13.2% 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 19.7x. 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 November 8, 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 $125.02, this represents a potential upside of +13.2%. The company has a market capitalization of $3.05B.
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 19.2x and forward P/E of 19.7x. The forward PEG ratio of 2.23 reflects a premium valuation. Analysts expect EPS to grow -2.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $153.25, with bear and bull scenarios of $96.55 and $201.93 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 URIUnited Rentals, Inc. | $65.7B | $1055.57 | $1298.92 | +23.1% | Buy | 20.3x | 41 |
 TREXTrex Company, Inc. | $5.7B | $54.74 | $55.00 | +0.5% | Buy | 30.9x | 35 |
 WSCWillScot Holdings Corporation | $3.4B | $18.86 | $24.14 | +28.0% | Buy | 16.9x | 14 |
 KFRCKforce Inc. | $966M | $54.15 | $63.00 | +16.3% | Hold | 19.9x | 10 |
 RSGRepublic Services, Inc. | $75.9B | $246.85 | $239.00 | -3.2% | Buy | 34.0x | 35 |
 GATXGATX Corporation | $6.5B | $182.74 | $220.00 | +20.4% | Buy | 17.7x | 14 |
 CATCaterpillar Inc. | $257.3B | $558.63 | $935.36 | +67.4% | Buy | 20.4x | 57 |
 DEDeere & Company | $181.3B | $671.65 | $731.20 | +8.9% | Buy | 37.2x | 46 |
 TEXTerex Corporation | $4.0B | $54.96 | $78.29 | +42.4% | Buy | 11.1x | 31 |
 MTWThe Manitowoc Company, Inc. | $805M | $22.41 | $16.00 | -28.6% | Hold | 24.4x | 23 |
Quick answers to the most common questions about buying MGRC stock.
McGrath RentCorp (MGRC) has a consensus 12-month price target of $141.5, implying 13.2% upside from $125.02. The 5 analysts covering MGRC see moderate appreciation potential.
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 13.2% upside from current levels.
With a forward P/E of 19.6783x, MGRC trades at a relatively low valuation. The consensus target of $141.5 implies 13.2% 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 $202 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 $153, with bear/bull scenarios of $97/$202.
Our quantitative valuation model calculates MGRC's fair value at $153 (base case), with a bear case of $97 and bull case of $202. 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 44/100.
MGRC trades at a forward P/E ratio of 19.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 19.2x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on MGRC, with a "Buy" consensus rating and $141.5 price target (13.2% 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 $97-$202 range provides an independent fundamental perspective.
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