Mobile Mini Upgraded to Outperform by Robert W. Baird (MINI)
Mobile Mini (NASDAQ:MINI) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $39.00 price target on the stock, up from their previous price target of $35.00. Robert W. Baird’s target price suggests a potential upside of 21.91% from the company’s current price.
A number of other analysts have also recently weighed in on MINI. Analysts at Oppenheimer cut their price target on shares of Mobile Mini (NASDAQ:MINI) from $39.00 to $37.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Separately, analysts at Sidoti upgraded shares of Mobile Mini (NASDAQ:MINI) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, August 9th. Finally, analysts at Zacks downgraded shares of Mobile Mini (NASDAQ:MINI) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $37.80 price target on the stock.
One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.56.
Shares of Mobile Mini (NASDAQ:MINI) traded up 3.73% during mid-day trading on Thursday, hitting $31.99. The stock had a trading volume of 274,675 shares. Mobile Mini has a 52-week low of $15.49 and a 52-week high of $37.49. The stock’s 50-day moving average is $32.47 and its 200-day moving average is $31.33. The company has a market cap of $1.455 billion and a P/E ratio of 71.89.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.01. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $99.30 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Mobile Mini will post $1.18 earnings per share for the current fiscal year.
Mobile Mini, Inc (NASDAQ:MINI) is a provider of portable storage solutions with a total portable storage and office fleet of over 234,700 units as of December 31, 2012.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.