Mobile Mini, Inc. (MINI) Receives $34.00 Average PT from Brokerages
Mobile Mini, Inc. (NASDAQ:MINI) has been given a consensus recommendation of “Hold” by the five research firms that are covering the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $34.00.
MINI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Mobile Mini from a “hold” rating to a “strong sell” rating in a research report on Friday, October 28th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $34.00 price objective (up from $29.00) on shares of Mobile Mini in a report on Monday, November 21st. Finally, Needham & Company LLC dropped their price objective on shares of Mobile Mini from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, October 26th.
In related news, CEO Erik Olsson acquired 3,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was bought at an average cost of $25.16 per share, with a total value of $75,480.00. Following the acquisition, the chief executive officer now owns 118,348 shares of the company’s stock, valued at approximately $2,977,635.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in Mobile Mini during the second quarter worth about $113,000. PNC Financial Services Group Inc. increased its stake in Mobile Mini by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,023 shares of the company’s stock valued at $182,000 after buying an additional 47 shares in the last quarter. BlackRock Inc. increased its stake in Mobile Mini by 5.4% in the third quarter. BlackRock Inc. now owns 6,281 shares of the company’s stock valued at $189,000 after buying an additional 320 shares in the last quarter. Advisor Group Inc. acquired a new stake in Mobile Mini during the second quarter valued at $191,000. Finally, PineBridge Investments L.P. increased its stake in Mobile Mini by 3.5% in the second quarter. PineBridge Investments L.P. now owns 5,637 shares of the company’s stock valued at $195,000 after buying an additional 189 shares in the last quarter.
Shares of Mobile Mini (NASDAQ:MINI) opened at 29.70 on Wednesday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 35.57 and a beta of 2.46. Mobile Mini has a 12-month low of $23.40 and a 12-month high of $38.13. The company has a 50-day moving average price of $30.87 and a 200-day moving average price of $30.68.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $128.85 million for the quarter, compared to analysts’ expectations of $132.63 million. Mobile Mini had a net margin of 7.27% and a return on equity of 7.41%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Equities analysts predict that Mobile Mini will post $1.21 EPS for the current year.
Mobile Mini Company Profile
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.
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