Barclays Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $50.00

WillScot Mobile Mini (NASDAQ:WSC) had its price objective trimmed by Barclays from $60.00 to $50.00 in a research note released on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Oppenheimer dropped their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an outperform rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus decreased their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a buy rating for the company in a research note on Friday, August 2nd. Robert W. Baird reduced their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an outperform rating for the company in a research report on Monday, April 22nd. Bank of America decreased their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating for the company in a research report on Friday, August 2nd. Finally, DA Davidson cut their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating for the company in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $48.50.

WillScot Mobile Mini Stock Down 3.5 %

Shares of NASDAQ WSC opened at $33.49 on Monday. WillScot Mobile Mini has a 1 year low of $33.23 and a 1 year high of $52.16. The firm’s 50-day moving average is $38.71 and its 200-day moving average is $42.20. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $6.37 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its holdings in WillScot Mobile Mini by 13.9% in the fourth quarter. Raymond James & Associates now owns 134,374 shares of the company’s stock valued at $5,980,000 after acquiring an additional 16,442 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of WillScot Mobile Mini by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 87,767 shares of the company’s stock worth $3,944,000 after buying an additional 2,166 shares during the period. International Assets Investment Management LLC raised its stake in WillScot Mobile Mini by 4,397.7% during the fourth quarter. International Assets Investment Management LLC now owns 33,598 shares of the company’s stock worth $1,495,000 after buying an additional 32,851 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in WillScot Mobile Mini by 60.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 13,159 shares of the company’s stock valued at $586,000 after buying an additional 4,950 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new position in WillScot Mobile Mini in the fourth quarter valued at $334,000. Institutional investors own 95.81% of the company’s stock.

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.