Mobile Mini Inc. (MINI) Lifted to Strong-Buy at Zacks Investment Research
Mobile Mini Inc. (NASDAQ:MINI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $41.00 target price on the stock. Zacks Investment Research’s price objective points to a potential upside of 45.24% from the company’s previous close.
According to Zacks, “Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. They offer a wide range of products in varying lengths and widths with an assortment of differentiated features such as their patented security systems, multiple doors, electrical wiring and shelving. In addition to their leasing operations, they sell new and used portable storage units and provide other ancillary services. “
Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $37.00 price objective (up from $35.00) on shares of Mobile Mini in a research note on Friday, April 1st. Finally, SunTrust Banks Inc. cut shares of Mobile Mini from a “buy” rating to a “neutral” rating in a research note on Thursday, April 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $38.33.
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Mobile Mini (NASDAQ:MINI) traded down 0.81% during trading on Tuesday, reaching $28.23. 105,086 shares of the company were exchanged. Mobile Mini has a 1-year low of $24.13 and a 1-year high of $38.13. The stock has a market capitalization of $1.25 billion, a P/E ratio of 33.21 and a beta of 2.12. The company’s 50-day moving average price is $29.66 and its 200-day moving average price is $32.35.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. The business earned $124.84 million during the quarter, compared to analysts’ expectations of $128.81 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Mobile Mini will post $1.32 EPS for the current year.
In related news, Director Jeffrey S. Goble sold 8,338 shares of Mobile Mini stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $32.47, for a total transaction of $270,734.86. Following the completion of the transaction, the director now directly owns 20,117 shares of the company’s stock, valued at approximately $653,198.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Russell Frank Co boosted its stake in Mobile Mini by 102.0% in the fourth quarter. Russell Frank Co now owns 40,017 shares of the company’s stock valued at $1,260,000 after buying an additional 20,205 shares during the period. Nationwide Fund Advisors boosted its stake in Mobile Mini by 10.1% in the fourth quarter. Nationwide Fund Advisors now owns 76,542 shares of the company’s stock valued at $2,383,000 after buying an additional 7,020 shares during the period. Rhumbline Advisers boosted its stake in Mobile Mini by 3.6% in the fourth quarter. Rhumbline Advisers now owns 75,431 shares of the company’s stock valued at $2,348,000 after buying an additional 2,640 shares during the period. OppenheimerFunds Inc. boosted its stake in Mobile Mini by 9.5% in the fourth quarter. OppenheimerFunds Inc. now owns 477,959 shares of the company’s stock valued at $14,879,000 after buying an additional 41,339 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Mobile Mini by 16.3% in the fourth quarter. Wells Fargo & Company MN now owns 568,407 shares of the company’s stock valued at $17,694,000 after buying an additional 79,552 shares during the period.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.
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