WillScot (NASDAQ:WSC) Price Target Raised to $23.00

WillScot (NASDAQ:WSC) had its price target hoisted by Morgan Stanley from $21.00 to $23.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on WSC. Robert W. Baird reiterated 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. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Wall Street Zen downgraded WillScot from a “hold” rating to a “sell” rating in a research report on Monday. DA Davidson decreased their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Barclays cut their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.38.

WillScot Trading Down 7.8%

Shares of NASDAQ WSC opened at $21.87 on Monday. WillScot has a 12-month low of $14.91 and a 12-month high of $34.62. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -72.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The stock’s 50 day simple moving average is $20.94 and its 200 day simple moving average is $21.32.

WillScot (NASDAQ:WSC) last issued its 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 company had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.WillScot’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. Equities research analysts expect that WillScot will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is presently -93.33%.

Institutional Trading of WillScot

Institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after buying an additional 679 shares in the last quarter. CWM LLC lifted its holdings in WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of WillScot by 149.9% during 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 in the last quarter. Danske Bank A S acquired a new position in shares of WillScot in the 3rd quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of WillScot by 160.4% in the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after purchasing an additional 1,824 shares in the last quarter. Institutional investors and hedge funds 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.