Mobile Mini Rating Reiterated by Oppenheimer (MINI)
Mobile Mini (NASDAQ:MINI)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer in a report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a $49.00 target price on the stock, up from their previous target price of $47.00. Oppenheimer’s target price would indicate a potential upside of 12.08% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Mobile Mini from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Zacks upgraded shares of Mobile Mini from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $45.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Mobile Mini from a “neutral” rating to an “underperform” rating in a research note on Monday, April 7th. They now have a $39.40 price target on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.40.
Mobile Mini (NASDAQ:MINI) traded down 2.52% during mid-day trading on Wednesday, hitting $42.62. The stock had a trading volume of 296,595 shares. Mobile Mini has a 52-week low of $27.53 and a 52-week high of $46.65. The stock has a 50-day moving average of $43.32 and a 200-day moving average of $40.98. The company has a market cap of $1.970 billion and a P/E ratio of 103.36.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $102.40 million for the quarter, compared to the consensus estimate of $101.30 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Mobile Mini will post $1.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, May 19th.
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.
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