Mobile Mini (NASDAQ:MINI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other equities research analysts also recently issued reports on MINI. ValuEngine downgraded Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a report on Saturday, June 23rd. MED reaffirmed a “sell” rating on shares of Mobile Mini in a research report on Friday, July 27th. Robert W. Baird raised Mobile Mini from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $47.00 to $48.00 in a research report on Friday, July 27th. Finally, Credit Suisse Group began coverage on Mobile Mini in a research report on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.88.

Shares of Mobile Mini stock opened at $40.25 on Wednesday. Mobile Mini has a 1 year low of $31.25 and a 1 year high of $50.40. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.86. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.35.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Mobile Mini had a return on equity of 7.16% and a net margin of 23.53%. The company had revenue of $142.00 million during the quarter, compared to the consensus estimate of $140.34 million. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. research analysts predict that Mobile Mini will post 1.67 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Mobile Mini during the second quarter worth about $243,000. Bank of America Corp DE boosted its position in shares of Mobile Mini by 15.5% during the second quarter. Bank of America Corp DE now owns 337,666 shares of the industrial products company’s stock worth $15,836,000 after buying an additional 45,409 shares during the period. Intrinsic Edge Capital Management LLC boosted its position in Mobile Mini by 3,353.6% during the second quarter. Intrinsic Edge Capital Management LLC now owns 320,497 shares of the industrial products company’s stock valued at $15,031,000 after purchasing an additional 311,217 shares during the last quarter. Laurion Capital Management LP acquired a new position in Mobile Mini during the second quarter valued at approximately $703,000. Finally, OppenheimerFunds Inc. boosted its position in Mobile Mini by 4,349.1% during the second quarter. OppenheimerFunds Inc. now owns 338,308 shares of the industrial products company’s stock valued at $15,866,000 after purchasing an additional 330,704 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Mobile Mini Company Profile

Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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