WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $48.50 Average Price Target from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $48.50.

A number of analysts recently commented on the company. Stifel Nicolaus dropped their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. DA Davidson cut their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Oppenheimer decreased their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Barclays reduced their target price on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Bank of America lowered their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd.

Institutional Investors Weigh In On WillScot Mobile Mini

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brevan Howard Capital Management LP bought a new position in shares of WillScot Mobile Mini during the 4th quarter valued at about $2,268,000. Norden Group LLC lifted its holdings in shares of 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. Boston Partners bought a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $145,583,000. Ranger Investment Management L.P. purchased a new position in WillScot Mobile Mini in the 4th quarter worth $14,196,000. Finally, Sei Investments Co. increased its holdings in shares of WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock worth $29,793,000 after buying an additional 273,431 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Up 1.4 %

Shares of NASDAQ:WSC opened at $38.54 on Monday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. WillScot Mobile Mini has a 52-week low of $33.23 and a 52-week high of $52.16. The business’s 50 day simple moving average is $37.97 and its two-hundred day simple moving average is $40.76. The firm has a market cap of $7.26 billion, a P/E ratio of 23.79, a PEG ratio of 1.34 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The firm had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts forecast that WillScot Mobile Mini will post 1.78 EPS for the current fiscal year.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation 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.