WillScot (NASDAQ:WSC) Stock Rating Upgraded by Zacks Research

WillScot (NASDAQ:WSC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Barclays dropped their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. DA Davidson dropped their price objective on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen downgraded shares of WillScot from a “hold” rating to a “sell” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Oppenheimer increased their price objective on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.38.

WillScot Price Performance

WSC opened at $21.87 on Tuesday. The firm has a market capitalization of $3.98 billion, a P/E ratio of -72.90, a PEG ratio of 1.72 and a beta of 1.12. The stock has a fifty day moving average of $20.94 and a 200-day moving average of $21.32. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. WillScot has a 12-month low of $14.91 and a 12-month high of $34.62.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $565.97 million for the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities analysts forecast that WillScot will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On WillScot

Institutional investors have recently modified their holdings of the company. Turtle Creek Asset Management Inc. lifted its stake in shares of WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after buying an additional 3,645,350 shares during the last quarter. State Street Corp raised its holdings in WillScot by 1.4% in the 4th quarter. State Street Corp now owns 5,774,998 shares of the company’s stock worth $108,743,000 after acquiring an additional 80,713 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in WillScot by 334.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after acquiring an additional 4,250,951 shares during the last quarter. Capital International Investors boosted its holdings in WillScot by 10.8% during the fourth quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock valued at $103,368,000 after acquiring an additional 536,511 shares during the period. Finally, Coliseum Capital Management LLC boosted its holdings in WillScot by 70.7% during the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock valued at $96,251,000 after acquiring an additional 2,117,247 shares during the period. Institutional investors own 95.81% of the company’s stock.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.