WillScot Corp (WSC) Receives Average Rating of “Buy” from Brokerages
WillScot Corp (NASDAQ:WSC) has been given a consensus rating of “Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.00.
WSC has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of WillScot in a report on Monday, July 9th. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Thursday, August 30th. ValuEngine raised shares of WillScot from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Credit Suisse Group initiated coverage on shares of WillScot in a report on Friday, August 17th. They issued an “outperform” rating and a $20.00 price target on the stock.
Shares of WSC stock traded down $0.10 on Tuesday, hitting $17.35. 914,900 shares of the company’s stock traded hands, compared to its average volume of 412,349. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.86. WillScot has a one year low of $9.45 and a one year high of $17.70. The firm has a market cap of $1.64 billion and a P/E ratio of -4.42.
Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in WillScot by 239.5% in the second 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 last quarter. California Public Employees Retirement System purchased a new position in WillScot in the second quarter worth about $229,000. Pacific Grove Capital LP purchased a new position in WillScot in the second quarter worth about $753,000. Marshall Wace LLP raised its holdings in WillScot by 33.5% in the second quarter. Marshall Wace LLP now owns 169,520 shares of the company’s stock worth $2,509,000 after buying an additional 42,527 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in WillScot in the second quarter worth about $120,000. 43.13% of the stock is currently owned by institutional investors and hedge funds.
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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