WillScot (NASDAQ:WSC)‘s stock had its “hold” rating restated by stock analysts at Barclays in a report issued on Sunday, AnalystRatings.com reports. They presently have a $17.00 price objective on the stock. Barclays‘s price target points to a potential upside of 3.60% from the company’s current price.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Saturday, October 12th. ValuEngine raised shares of WillScot from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. WillScot has an average rating of “Buy” and a consensus price target of $16.90.
NASDAQ:WSC traded down $0.12 on Friday, hitting $16.41. The stock had a trading volume of 1,222,800 shares, compared to its average volume of 537,763. WillScot has a 1-year low of $8.21 and a 1-year high of $17.12. The company has a fifty day moving average price of $15.86 and a two-hundred day moving average price of $14.83. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.50. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 86.37, a PEG ratio of 4.38 and a beta of 1.85.
WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. WillScot had a negative net margin of 6.66% and a positive return on equity of 0.55%. The company had revenue of $272.34 million for the quarter, compared to the consensus estimate of $271.40 million. During the same period in the prior year, the firm posted ($0.37) EPS. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, analysts anticipate that WillScot will post 0.25 earnings per share for the current year.
In other news, Director Rebecca L. Owen purchased 9,250 shares of the stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $150,775.00. Also, Director Jeffrey Sagansky sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.01, for a total transaction of $1,401,000.00. Following the completion of the sale, the director now owns 2,576,346 shares of the company’s stock, valued at $36,094,607.46. The disclosure for this sale can be found here. 56.13% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in WSC. Deprince Race & Zollo Inc. acquired a new position in WillScot during the fourth quarter valued at approximately $178,000. Governors Lane LP acquired a new position in WillScot during the fourth quarter valued at approximately $25,210,000. Wells Fargo & Company MN acquired a new position in WillScot during the fourth quarter valued at approximately $600,000. Virtu Financial LLC acquired a new position in WillScot during the fourth quarter valued at approximately $321,000. Finally, LLBH Private Wealth Management LLC acquired a new position in WillScot during the fourth quarter valued at approximately $932,000. 46.97% of the stock is currently owned by hedge funds and other institutional investors.
WillScot Company Profile
Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.
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