WillScot Corp (WSC) Given Average Rating of “Buy” by Analysts
Shares of WillScot Corp (NASDAQ:WSC) have received a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.00.
WSC has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of WillScot in a research report on Monday, October 1st. They set an “overweight” rating and a $21.00 price objective for the company. Zacks Investment Research downgraded shares of WillScot from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Credit Suisse Group initiated coverage on shares of WillScot in a research report on Friday, August 17th. They set an “outperform” rating and a $20.00 price objective for the company. Oppenheimer boosted their price objective on shares of WillScot from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Barclays initiated coverage on shares of WillScot in a research report on Monday, November 19th. They set an “equal weight” rating and a $18.00 price objective for the company.
Institutional investors have recently modified their holdings of the stock. Falcon Point Capital LLC bought a new position in WillScot in the 3rd quarter worth $8,504,000. Tygh Capital Management Inc. boosted its holdings in WillScot by 64.5% in the 3rd quarter. Tygh Capital Management Inc. now owns 862,564 shares of the company’s stock worth $14,793,000 after buying an additional 338,341 shares during the period. Wells Fargo & Company MN boosted its holdings in WillScot by 1,502.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,256,162 shares of the company’s stock worth $55,844,000 after buying an additional 3,052,946 shares during the period. Bank of New York Mellon Corp boosted its holdings in WillScot by 239.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 101,682 shares of the company’s stock worth $1,505,000 after buying an additional 71,731 shares during the period. Finally, Selz Capital LLC bought a new position in WillScot in the 3rd quarter worth $3,628,000. 53.52% of the stock is owned by institutional investors.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.32). WillScot had a negative net margin of 26.49% and a negative return on equity of 9.21%. The business had revenue of $218.90 million for the quarter, compared to the consensus estimate of $204.10 million. WillScot’s revenue for the quarter was up 88.4% on a year-over-year basis. On average, sell-side analysts forecast that WillScot will post -0.13 earnings per share for the current fiscal year.
WillScot Company Profile
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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