Should You Add McGrath RentCorp To Your Watchlist Now?

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MCGRATH ($NASDAQ:MGRC): McGrath RentCorp is a company engaged in the rental and sale of modular buildings, storage containers, and electronic test equipment. It has a presence in several countries across the United States, Canada, Mexico, and Europe, and its extensive customer base includes government agencies, educational institutions, medical facilities, commercial contractors, and event coordinators. With a wide range of products and services, McGrath RentCorp is well-positioned to benefit from increased demand for rental products in the current economic climate. So, should you add McGrath RentCorp to your watchlist now?

It is important to evaluate a company’s financials, industry progress, and competitive environment to determine whether it is a good investment. McGrath RentCorp has a solid track record of top and bottom line growth and its industry is expected to experience healthy growth in the coming years. The company also has a competitive edge with its extensive customer base and diverse product portfolio.

Price History

On Wednesday, the stock opened at $116.3 and closed at $115.0, representing a 1.2% decline from the prior day’s close at 116.4. This could be an opportunity to buy low and capitalize on any potential upside as the stock is now trading at a discount. Given the company’s position in the specialty rental industry and its strong financial performance, McGrath RentCorp may be a great addition to any investor’s portfolio. Investors should therefore keep an eye on McGrath RentCorp in order to potentially take advantage of any future price appreciation. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Mcgrath Rentcorp. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Mcgrath Rentcorp. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Mcgrath Rentcorp. More…

Key Ratios Snapshot

Some of the financial key ratios for Mcgrath Rentcorp are shown below. More…

Analysis

As a part of GoodWhale’s financial analysis, we have looked into the fundamentals of MCGRATH RENTCORP. Based on our Star Chart, MCGRATH RENTCORP scored highly in categories such as dividend, growth, and profitability, and moderately in asset. Additionally, the health score of 7/10 illustrates that MCGRATH RENTCORP is capable to sustain future operations even in times of crisis due to its healthy cash flow and low debt. As a result, we classified MCGRATH RENTCORP as a ‘gorilla’ company, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for a stable and high return on their investments may be interested in investing in MCGRATH RENTCORP. More…

Peers

– ONTSU Co Ltd ($TSE:7647)

Mitsubishi Electric is a Japanese electronics company that offers a wide range of products, including air conditioners, elevators and escalators, factory automation equipment, and outdoor video displays. The company has a market cap of 5.08 billion as of 2022 and a return on equity of 6.98%. Mitsubishi Electric is a global leader in the manufacture and sales of electrical and electronic products and services. The company has over 140,000 employees and operates in more than 100 countries around the world.

– H&E Equipment Services Inc ($NASDAQ:HEES)

H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with over 130 locations in 32 states, Puerto Rico and the Virgin Islands. The Company offers a wide range of equipment for rent and sale, as well as parts and service for all types of equipment, through its integrated network of locations in the United States.

H&E Equipment Services has a market cap of $1.49B as of 2022. The company has a ROE of 35.46%. H&E Equipment Services is one of the largest integrated equipment services companies in the United States with over 130 locations in 32 states, Puerto Rico and the Virgin Islands.

– Babylon Pump & Power Ltd ($ASX:BPP)

Babylon Pump & Power Ltd’s market cap is 12.29M as of 2022. The company has a Return on Equity of -43.24%. Babylon Pump & Power is a provider of pump and power solutions. The company offers a range of products and services for the oil and gas, mining, and construction industries.

Summary

McGrath RentCorp is a publicly traded company that provides specialized rental and services to customers in the tech, industrial, construction, media, medical, and many other industries. Furthermore, its balance sheet is strong with a low debt-to-equity ratio and growing cash reserves. Overall, McGrath RentCorp could be a wise addition to any investor’s watchlist as it provides a reliable, stable return on investment.