WillScot Mobile Mini (NASDAQ:WSC) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat reports. They presently have a $35.00 price objective on the stock, down from their prior price objective of $46.00. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 4.21% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Oppenheimer lowered their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Bank of America lowered their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus reduced their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Six 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, WillScot Mobile Mini presently has a consensus rating of “Hold” and an average price target of $45.00.

WillScot Mobile Mini Trading Up 10.3 %

NASDAQ:WSC opened at $36.54 on Thursday. WillScot Mobile Mini has a 12 month low of $32.71 and a 12 month high of $52.16. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 332.18, a PEG ratio of 1.25 and a beta of 1.35. The firm has a fifty day simple moving average of $37.97 and a two-hundred day simple moving average of $38.27.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 22.99%. The firm had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that WillScot Mobile Mini will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC raised its holdings in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new position in WillScot Mobile Mini in the third quarter valued at approximately $36,000. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini during the first quarter valued at $55,000. Finally, Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini in the second quarter worth $56,000. Institutional investors own 95.81% of the company’s stock.

About WillScot Mobile Mini

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.