Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Target Price at $47.90

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.90.

WSC has been the subject of a number of research reports. Bank of America decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $50.00 to $44.00 in a research report on Thursday. DA Davidson dropped their target price on 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 target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd.

WillScot Mobile Mini Stock Up 2.4 %

Shares of WSC opened at $39.80 on Friday. WillScot Mobile Mini has a fifty-two week low of $33.23 and a fifty-two week high of $52.16. The company’s fifty day moving average is $38.23 and its two-hundred day moving average is $39.70. The firm has a market cap of $7.57 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $38,000. TFO Wealth Partners LLC boosted its stake in WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after buying an additional 921 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in WillScot Mobile Mini in the 1st quarter valued at about $55,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at about $56,000. Finally, Principal Securities Inc. bought a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $71,000. Institutional investors own 95.81% of the company’s stock.

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.