WillScot (NASDAQ:WSC) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Friday, TheStreetRatingsTable reports.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised WillScot from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Saturday, October 12th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of WillScot in a report on Sunday, November 10th. DA Davidson increased their price objective on shares of WillScot to $23.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, ValuEngine lowered shares of WillScot from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.70.
NASDAQ WSC opened at $17.58 on Friday. The firm’s fifty day simple moving average is $16.60 and its two-hundred day simple moving average is $15.25. The firm has a market capitalization of $2.05 billion, a P/E ratio of 92.53, a P/E/G ratio of 4.39 and a beta of 1.89. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 2.50. WillScot has a 12-month low of $8.21 and a 12-month high of $18.30.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. WillScot had a positive return on equity of 2.93% and a negative net margin of 3.09%. The firm had revenue of $272.34 million during the quarter, compared to analyst estimates of $271.40 million. During the same quarter in the prior year, the business posted ($0.37) EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, sell-side analysts predict that WillScot will post 0.27 earnings per share for the current fiscal year.
In other WillScot news, Director Jeffrey Sagansky sold 100,000 shares of WillScot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.01, for a total transaction of $1,401,000.00. Following the completion of the transaction, the director now owns 2,576,346 shares in the company, valued at approximately $36,094,607.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebecca L. Owen acquired 9,250 shares of WillScot stock in a transaction on Monday, September 16th. The shares were bought at an average price of $16.30 per share, with a total value of $150,775.00. 56.13% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its stake in WillScot by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 80,488 shares of the company’s stock valued at $1,254,000 after acquiring an additional 961 shares during the period. Oppenheimer & Co. Inc. lifted its stake in WillScot by 6.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,186 shares of the company’s stock valued at $243,000 after buying an additional 972 shares in the last quarter. Morgan Stanley boosted its holdings in WillScot by 2.0% in the 2nd quarter. Morgan Stanley now owns 67,630 shares of the company’s stock worth $1,017,000 after buying an additional 1,342 shares during the last quarter. Rhumbline Advisers boosted its holdings in WillScot by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 63,224 shares of the company’s stock worth $985,000 after buying an additional 1,832 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in WillScot by 1,505.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,857 shares of the company’s stock worth $45,000 after buying an additional 2,679 shares during the last quarter. Hedge funds and other institutional investors own 46.15% of the company’s stock.
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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