Barclays Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $40.00

WillScot Mobile Mini (NASDAQ:WSC) had its price objective cut by stock analysts at Barclays from $44.00 to $40.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 9.47% from the stock’s current price.

WSC has been the subject of a number of other research reports. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Stifel Nicolaus reduced their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $35.00 in a report on Thursday. DA Davidson reduced their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. 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, August 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

WillScot Mobile Mini Price Performance

Shares of WSC stock opened at $36.54 on Friday. The business’s fifty day moving average is $37.97 and its 200 day moving average is $38.26. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 332.21, a PEG ratio of 1.08 and a beta of 1.37. WillScot Mobile Mini has a twelve month low of $32.71 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Research analysts expect that WillScot Mobile Mini will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was 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 $5,833,263.42. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

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