Mobile Mini, Inc. (MINI) PT Raised to $37.00
Mobile Mini, Inc. (NASDAQ:MINI) had its price target boosted by research analysts at Robert W. Baird from $34.00 to $37.00 in a research report issued on Monday. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 10.61% from the company’s previous close.
Several other brokerages also recently commented on MINI. Sidoti reiterated a “neutral” rating on shares of Mobile Mini in a research note on Friday, October 13th. KeyCorp reiterated a “hold” rating on shares of Mobile Mini in a research note on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “hold” rating on shares of Mobile Mini in a report on Sunday. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Mobile Mini in a report on Sunday. Finally, Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.00.
Shares of Mobile Mini (NASDAQ:MINI) traded down 0.89% during midday trading on Monday, hitting $33.45. The company had a trading volume of 182,704 shares. The firm has a market capitalization of $1.47 billion, a P/E ratio of 29.06 and a beta of 2.27. Mobile Mini has a 12-month low of $23.40 and a 12-month high of $37.05. The firm’s 50-day moving average is $33.13 and its 200-day moving average is $30.26.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $136.64 million during the quarter, compared to the consensus estimate of $133.73 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Mobile Mini will post $1.18 earnings per share for the current fiscal year.
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In other news, Director Lawrence Trachtenberg sold 10,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total value of $315,900.00. Following the transaction, the director now directly owns 38,181 shares of the company’s stock, valued at approximately $1,206,137.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Funk sold 3,699 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.52, for a total value of $116,592.48. Following the completion of the transaction, the chief financial officer now directly owns 153,260 shares in the company, valued at $4,830,755.20. The disclosure for this sale can be found here. Insiders have sold a total of 156,065 shares of company stock worth $4,832,212 in the last 90 days. 6.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Mobile Mini by 97,640.1% during the 1st quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock worth $165,361,000 after buying an additional 5,416,095 shares during the period. Vanguard Group Inc. raised its stake in Mobile Mini by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock worth $123,741,000 after buying an additional 62,522 shares during the period. Northern Trust Corp raised its stake in Mobile Mini by 30.9% during the 2nd quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock worth $54,907,000 after buying an additional 434,522 shares during the period. Goldman Sachs Group Inc. raised its stake in Mobile Mini by 16.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,256,085 shares of the industrial products company’s stock worth $37,494,000 after buying an additional 176,510 shares during the period. Finally, State Street Corp raised its stake in Mobile Mini by 5.4% during the 2nd quarter. State Street Corp now owns 1,144,832 shares of the industrial products company’s stock worth $34,179,000 after buying an additional 58,990 shares during the period.
Mobile Mini Company Profile
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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