Stifel Nicolaus assumed coverage on shares of WillScot (NASDAQ:WSC) in a research note issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Oppenheimer reiterated a “buy” rating and set a $17.00 price objective on shares of WillScot in a research report on Thursday, June 25th. DA Davidson decreased their price objective on shares of WillScot from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, March 27th. ValuEngine upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Bank of America reiterated a “buy” rating and set a $17.00 price objective on shares of WillScot in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.80.
NASDAQ:WSC traded down $0.41 on Tuesday, hitting $13.12. The company had a trading volume of 4,150,000 shares, compared to its average volume of 1,061,236. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -328.00, a PEG ratio of 2.34 and a beta of 1.99. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 2.39. The firm has a 50 day moving average of $13.80 and a two-hundred day moving average of $14.79. WillScot has a 52 week low of $7.45 and a 52 week high of $19.79.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $255.82 million during the quarter, compared to the consensus estimate of $260.90 million. WillScot had a negative net margin of 0.41% and a positive return on equity of 4.36%. As a group, equities analysts forecast that WillScot will post 0.38 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WSC. State Street Corp increased its holdings in WillScot by 2.3% during the first quarter. State Street Corp now owns 1,072,657 shares of the company’s stock worth $10,866,000 after buying an additional 24,112 shares during the last quarter. Park West Asset Management LLC increased its holdings in WillScot by 176.6% during the first quarter. Park West Asset Management LLC now owns 1,430,000 shares of the company’s stock worth $14,486,000 after buying an additional 913,000 shares during the last quarter. Chescapmanager LLC increased its holdings in WillScot by 3.8% during the first quarter. Chescapmanager LLC now owns 1,906,997 shares of the company’s stock worth $19,318,000 after buying an additional 69,691 shares during the last quarter. AQR Capital Management LLC increased its holdings in WillScot by 93.0% during the first quarter. AQR Capital Management LLC now owns 20,837 shares of the company’s stock worth $211,000 after buying an additional 10,043 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in WillScot during the first quarter worth about $244,000. 54.85% of the stock is currently owned by 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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