Wall Street Zen Upgrades WillScot (NASDAQ:WSC) to “Hold”

WillScot (NASDAQ:WSC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Citigroup raised their target price on shares of WillScot from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price target (down previously from $37.00) on shares of WillScot in a report on Thursday, November 13th. Robert W. Baird reissued a “neutral” rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Finally, DA Davidson decreased their price objective on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.88.

WillScot Stock Up 1.9%

WillScot stock opened at $21.62 on Friday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. WillScot has a twelve month low of $14.91 and a twelve month high of $39.12. The stock’s fifty day simple moving average is $20.66 and its 200-day simple moving average is $21.42.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after acquiring an additional 679 shares during the period. Parallel Advisors LLC raised its position in WillScot by 149.9% in the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares during the last quarter. CWM LLC boosted its stake in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after purchasing an additional 567 shares during the period. Danske Bank A S acquired a new stake in WillScot during the 3rd quarter worth approximately $44,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of WillScot by 45.1% during the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Company Profile

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.