Mobile Mini, Inc. (MINI) Earns Buy Rating from Oppenheimer Holdings, Inc.
Mobile Mini, Inc. (NASDAQ:MINI)‘s stock had its “buy” rating reissued by investment analysts at Oppenheimer Holdings, Inc. in a report issued on Monday. They currently have a $36.00 price objective on the industrial products company’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 7.62% from the company’s previous close.
Several other brokerages have also weighed in on MINI. Sidoti restated a “neutral” rating on shares of Mobile Mini in a report on Friday, October 13th. Robert W. Baird restated a “hold” rating and issued a $34.00 price objective on shares of Mobile Mini in a report on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Mobile Mini in a report on Wednesday, October 4th. SunTrust Banks, Inc. restated a “hold” rating on shares of Mobile Mini in a report on Sunday. Finally, Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a report on Sunday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $37.00.
Mobile Mini (NASDAQ:MINI) traded down 0.89% on Monday, hitting $33.45. The company’s stock had a trading volume of 185,392 shares. Mobile Mini has a 1-year low of $23.40 and a 1-year high of $37.05. The company has a market capitalization of $1.47 billion, a P/E ratio of 29.06 and a beta of 2.27. The company has a 50 day moving average price of $33.13 and a 200-day moving average price of $30.26.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The business had revenue of $136.64 million during the quarter, compared to analyst estimates of $133.73 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Mobile Mini will post $1.18 earnings per share for the current fiscal year.
In other Mobile Mini news, Director Lawrence Trachtenberg sold 10,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the sale, the director now directly owns 38,181 shares in the company, valued at $1,206,137.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Funk sold 3,699 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.52, for a total transaction of $116,592.48. Following the completion of the sale, the chief financial officer now owns 153,260 shares in the company, valued at $4,830,755.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,065 shares of company stock worth $4,832,212. Company insiders own 6.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in shares of Mobile Mini during the first quarter worth $563,000. UBS Asset Management Americas Inc. increased its position in shares of Mobile Mini by 41.7% during the first quarter. UBS Asset Management Americas Inc. now owns 10,199 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 3,000 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Mobile Mini during the first quarter worth $353,000. Parametric Portfolio Associates LLC increased its position in shares of Mobile Mini by 2.2% during the first quarter. Parametric Portfolio Associates LLC now owns 89,389 shares of the industrial products company’s stock worth $2,726,000 after acquiring an additional 1,885 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Mobile Mini during the first quarter worth $117,000.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company 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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