WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $51.00 Average Target Price from Brokerages

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $50.20.

A number of brokerages have commented on WSC. Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday. DA Davidson decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Stifel Nicolaus cut their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Finally, Bank of America cut 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.

WillScot Mobile Mini Stock Down 2.7 %

NASDAQ:WSC opened at $34.55 on Thursday. The firm’s 50 day simple moving average is $38.89 and its 200 day simple moving average is $42.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89. WillScot Mobile Mini has a one year low of $34.10 and a one year high of $52.16. The company has a market cap of $6.57 billion, a PE ratio of 21.33, a P/E/G ratio of 1.02 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 23.82% and a net margin of 7.77%. The firm had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that WillScot Mobile Mini will post 1.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WSC. Arizona State Retirement System lifted its position in shares of WillScot Mobile Mini by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after buying an additional 520 shares in the last quarter. Victory Capital Management Inc. increased its stake in WillScot Mobile Mini by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 148,225 shares of the company’s stock worth $5,579,000 after acquiring an additional 9,277 shares during the last quarter. TD Asset Management Inc increased its stake in WillScot Mobile Mini by 21.9% in the 2nd quarter. TD Asset Management Inc now owns 67,632 shares of the company’s stock worth $2,546,000 after acquiring an additional 12,144 shares during the last quarter. Rothschild Investment LLC bought a new stake in WillScot Mobile Mini in the 2nd quarter worth approximately $364,000. Finally, Hantz Financial Services Inc. bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at approximately $9,737,000. 95.81% of the stock is owned by hedge funds and other 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.