Mobile Mini Reaches New 12-Month High at $46.71 (MINI)
Mobile Mini (NASDAQ:MINI) shares hit a new 52-week high during mid-day trading on Friday , Analyst Ratings Net reports. The company traded as high as $46.71 and last traded at $46.27, with a volume of 102,973 shares traded. The stock had previously closed at $45.86.
Several analysts have recently commented on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Mobile Mini in a research note on Wednesday, May 14th. They now have a $49.00 price target on the stock, up previously from $47.00. Separately, analysts at Ned Davis Research upgraded shares of Mobile Mini from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $45.40.
The stock’s 50-day moving average is $43.29 and its 200-day moving average is $41.66. The company has a market cap of $2.136 billion and a P/E ratio of 108.42.
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.
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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