WillScot Mobile Mini (NASDAQ:WSC) Price Target Lowered to $38.00 at Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC) had its target price reduced by research analysts at Oppenheimer from $41.00 to $38.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 26.37% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $30.07 on Monday. 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 has a 12 month low of $27.58 and a 12 month high of $47.18. The firm’s 50 day simple moving average is $35.35 and its 200-day simple moving average is $36.58. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Analysts expect that WillScot Mobile Mini will post 1.77 EPS for the current year.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors have recently added to or reduced their stakes in the stock. Impax Asset Management Group plc acquired a new stake in WillScot Mobile Mini during the 4th quarter worth $7,192,000. New York Life Investment Management LLC acquired a new stake in WillScot Mobile Mini during the 4th quarter worth $679,000. Geneva Capital Management LLC acquired a new stake in WillScot Mobile Mini during the 4th quarter worth $23,194,000. Douglass Winthrop Advisors LLC boosted its stake in WillScot Mobile Mini by 32.4% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after purchasing an additional 40,393 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in WillScot Mobile Mini by 20.1% during the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock worth $1,553,000 after purchasing an additional 7,763 shares during the last quarter. Institutional investors and hedge funds 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.