WillScot (NASDAQ:WSC) Cut to Sell at Wall Street Zen

WillScot (NASDAQ:WSC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts also recently commented on WSC. Citigroup raised their price objective on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. DA Davidson reduced their target price on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Barclays decreased their price target on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WillScot has a consensus rating of “Hold” and a consensus price target of $26.88.

WillScot Price Performance

Shares of WillScot stock opened at $22.26 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. The company has a market cap of $4.05 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12. The firm has a fifty day moving average price of $20.53 and a two-hundred day moving average price of $21.93. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $39.12.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The business had revenue of $566.84 million during the quarter, compared to analyst estimates of $583.52 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Analysts expect that WillScot will post 1.77 EPS for the current year.

Institutional Investors Weigh In On WillScot

Several large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after purchasing an additional 679 shares during the last quarter. CWM LLC raised its stake in shares of WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares during the last quarter. Danske Bank A S acquired a new position in shares of WillScot in the 3rd quarter worth approximately $44,000. First Horizon Advisors Inc. grew its position in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after acquiring an additional 662 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.