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Zacks Investment Research downgraded McGrath RentCorp (NASDAQ:MGRC) to Hold in a report released today.

Zacks Investment Research has downgraded McGrath RentCorp (NASDAQ:MGRC) to Hold in a report released on 6/21/2017.

On 06/15/2017, Zacks Investment Research released a statement about McGrath RentCorp (NASDAQ:MGRC) increased the target price from $0.00 to $38.00 that suggested an upside of 0.12%.

Having a price of $34.10, McGrath RentCorp (NASDAQ:MGRC) traded -0.46% lower on the day. With the last close down 14.98% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. MGRC has recorded a 50-day average of $39.17 and a two hundred day average of $35.39. Trade Volume was up over the average, with 150,898 shares of MGRC changing hands over the typical 64,878

Performance Chart

McGrath RentCorp (NASDAQ:MGRC)

With a total market value of $0, McGrath RentCorp has 52 week low of $29.27 and a 52 week high of $41.61 with a PE ratio of 23.26 .

Brief Synopsis On McGrath RentCorp (NASDAQ:MGRC)

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division. As of December 31, 2016, the Company's TRS-RenTelco rented and sold electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility), Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). Adler Tanks purchases tanks and boxes from various manufacturers located throughout the country.

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