WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $46.00 by Analysts at Stifel Nicolaus

WillScot Mobile Mini (NASDAQ:WSC) had its price objective cut by Stifel Nicolaus from $48.00 to $46.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on the company. Robert W. Baird dropped their price target 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. Bank of America lowered their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating for the company in a research report on Friday. DA Davidson lowered their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating for the company in a research report on Tuesday, May 7th. Finally, Oppenheimer lowered their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an outperform rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $50.20.

WillScot Mobile Mini Price Performance

WSC opened at $34.55 on Friday. The firm has a market cap of $6.57 billion, a P/E ratio of 21.33, a PEG ratio of 1.02 and a beta of 1.38. The firm has a 50-day moving average of $38.89 and a 200 day moving average of $42.31. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini has a fifty-two week low of $34.10 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results 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). The firm had revenue of $604.59 million during 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%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, research analysts expect that WillScot Mobile Mini will post 1.81 EPS for the current year.

Institutional Investors Weigh In On WillScot Mobile Mini

Several large investors have recently bought and sold shares of WSC. Franklin Resources Inc. increased its holdings in WillScot Mobile Mini by 149.9% in the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after buying an additional 4,049,872 shares in the last quarter. Boston Partners bought a new stake in WillScot Mobile Mini in the 4th quarter worth about $145,583,000. Norges Bank bought a new stake in WillScot Mobile Mini in the 4th quarter worth about $101,809,000. Capital Research Global Investors increased its holdings in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after buying an additional 2,063,746 shares in the last quarter. Finally, Jackson Square Partners LLC bought a new stake in WillScot Mobile Mini in the 1st quarter worth about $55,507,000. 95.81% of the stock is currently owned by institutional investors.

About WillScot Mobile Mini

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.