WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $32.00 by Analysts at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its price objective reduced by equities research analysts at Robert W. Baird from $38.00 to $32.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 6.42% from the stock’s previous close.

Separately, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.67.

WillScot Mobile Mini Stock Up 1.0 %

WSC opened at $30.07 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a 50 day moving average price of $35.35 and a 200-day moving average price of $36.58. WillScot Mobile Mini has a twelve month low of $27.58 and a twelve month high of $47.18. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 200.48, a PEG ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. Equities research analysts forecast that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after buying an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock worth $185,831,000 after buying an additional 664,805 shares in the last quarter. FMR LLC lifted its holdings in shares of WillScot Mobile Mini by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company’s stock worth $185,785,000 after buying an additional 595,063 shares in the last quarter. Capital International Investors lifted its holdings in shares of WillScot Mobile Mini by 20.3% in the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company’s stock worth $177,544,000 after buying an additional 897,184 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of WillScot Mobile Mini by 4.8% in the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company’s stock worth $161,641,000 after buying an additional 223,462 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

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.