Zacks Investment Research upgraded shares of WillScot (NASDAQ:WSC) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $14.00 price objective on the stock.
According to Zacks, “Williams Scotsman is a specialty rental services providing modular space and portable storage solutions primarily in North America. It serves the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. Williams Scotsman is headquartered in Baltimore, Maryland. “
A number of other analysts have also commented on the company. Deutsche Bank reduced their target price on WillScot from $22.00 to $16.00 and set a buy rating for the company in a report on Friday, January 4th. Bank of America started coverage on WillScot in a report on Tuesday, April 2nd. They issued a buy rating and a $13.50 price objective for the company. Finally, Barclays reaffirmed a hold rating and issued a $12.00 price objective on shares of WillScot in a report on Thursday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $16.64.
WillScot stock opened at $12.41 on Thursday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 65.32, a price-to-earnings-growth ratio of 4.09 and a beta of 1.96. WillScot has a 12 month low of $8.21 and a 12 month high of $18.19. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.95 and a quick ratio of 0.89.
WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, March 14th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.17. The business had revenue of $257.40 million during the quarter, compared to analyst estimates of $265.49 million. WillScot had a positive return on equity of 0.41% and a negative net margin of 6.81%. Equities research analysts forecast that WillScot will post 0.2 earnings per share for the current year.
In other news, Director Mark S. Bartlett acquired 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of $11.56 per share, with a total value of $404,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 66.27% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. purchased a new position in WillScot during the fourth quarter valued at $33,000. Bank of Montreal Can lifted its position in WillScot by 3,531.9% during the fourth quarter. Bank of Montreal Can now owns 9,007 shares of the company’s stock valued at $85,000 after purchasing an additional 8,759 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in WillScot by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,854 shares of the company’s stock valued at $102,000 after purchasing an additional 8,477 shares in the last quarter. Paloma Partners Management Co purchased a new position in WillScot during the fourth quarter valued at $114,000. Finally, NumerixS Investment Technologies Inc purchased a new position in WillScot during the fourth quarter valued at $184,000. 50.69% of the stock is owned by institutional investors.
WillScot Company Profile
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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