WillScot Mobile Mini (NASDAQ:WSC) Price Target Lowered to $47.00 at DA Davidson

WillScot Mobile Mini (NASDAQ:WSC) had its price target decreased by DA Davidson from $54.00 to $47.00 in a report released on Monday, Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Robert W. Baird cut their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an outperform rating for the company in a research note on Monday, April 22nd. Barclays lowered their price target on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an overweight rating for the company in a report on Monday. Oppenheimer cut their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an outperform rating on the stock in a report on Friday. Bank of America dropped their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating for the company in a report on Friday. Finally, Stifel Nicolaus decreased their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a buy rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini has an average rating of Moderate Buy and a consensus target price of $48.50.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC traded up $0.15 during midday trading on Monday, reaching $34.70. 2,984,119 shares of the company traded hands, compared to its average volume of 2,067,758. WillScot Mobile Mini has a 12 month low of $34.05 and a 12 month high of $52.16. The firm’s fifty day moving average price is $38.80 and its two-hundred day moving average price is $42.26. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a return on equity of 23.82% and a net margin of 7.77%. WillScot Mobile Mini’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, equities analysts expect that WillScot Mobile Mini will post 1.81 earnings per share for the current year.

Hedge Funds Weigh In On WillScot Mobile Mini

Large investors have recently modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new position in WillScot Mobile Mini in the fourth quarter worth about $2,268,000. Norden Group LLC raised its holdings in WillScot Mobile Mini by 2,181.8% in the 1st quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after acquiring an additional 123,662 shares during the last quarter. Jennison Associates LLC boosted its stake in WillScot Mobile Mini by 7.2% during the 4th quarter. Jennison Associates LLC now owns 1,486,037 shares of the company’s stock valued at $66,129,000 after purchasing an additional 99,478 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of WillScot Mobile Mini by 9.4% in the 4th quarter. WCM Investment Management LLC now owns 409,694 shares of the company’s stock worth $18,412,000 after purchasing an additional 35,088 shares in the last quarter. Finally, Boston Partners bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at $145,583,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.