DA Davidson Issues Pessimistic Forecast for WillScot (NASDAQ:WSC) Stock Price

WillScot (NASDAQ:WSC) had its price target lowered by DA Davidson from $32.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 29.27% from the stock’s previous close.

Other analysts also recently issued reports about the company. Citigroup upped their price objective on WillScot from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer boosted their target price on shares of WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday. Barclays decreased their price target on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Wall Street Zen downgraded shares of WillScot from a “hold” rating to a “sell” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.38.

WillScot Price Performance

Shares of WSC stock traded up $0.68 during trading hours on Tuesday, hitting $23.21. The company’s stock had a trading volume of 261,377 shares, compared to its average volume of 1,748,294. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The business has a fifty day moving average of $20.80 and a 200-day moving average of $21.32. WillScot has a twelve month low of $14.91 and a twelve month high of $35.01. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -76.97, a P/E/G ratio of 2.19 and a beta of 1.12.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $565.97 million during the quarter, compared to analysts’ expectations of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. WillScot’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. As a group, equities research analysts anticipate that WillScot will post 1.77 EPS for the current year.

Hedge Funds Weigh In On WillScot

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of WillScot by 24.6% in the 1st quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $936,000 after purchasing an additional 6,651 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in WillScot by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock valued at $20,145,000 after buying an additional 8,963 shares during the period. State of New Jersey Common Pension Fund D lifted its position in WillScot by 8.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 68,764 shares of the company’s stock valued at $1,884,000 after buying an additional 5,552 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in WillScot by 217.0% during the second quarter. Envestnet Asset Management Inc. now owns 482,141 shares of the company’s stock worth $13,211,000 after buying an additional 330,042 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in WillScot by 3.2% during the second quarter. Teacher Retirement System of Texas now owns 27,912 shares of the company’s stock worth $765,000 after buying an additional 866 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.