Shares of WillScot Corp (NASDAQ:WSC) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.13.
A number of equities analysts recently commented on WSC shares. DA Davidson lifted their price target on WillScot to $23.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of WillScot in a research report on Sunday, November 10th. TheStreet upgraded shares of WillScot from a “c” rating to a “b-” rating in a research report on Friday, November 29th. ValuEngine downgraded shares of WillScot from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Zacks Investment Research upgraded shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Saturday, October 12th.
A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in shares of WillScot by 1,505.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,857 shares of the company’s stock valued at $45,000 after buying an additional 2,679 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of WillScot in the third quarter valued at approximately $62,000. Bank of Montreal Can raised its position in shares of WillScot by 87.8% in the second quarter. Bank of Montreal Can now owns 9,263 shares of the company’s stock valued at $139,000 after buying an additional 4,330 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of WillScot by 6.4% in the second 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. Finally, Metropolitan Life Insurance Co NY raised its position in shares of WillScot by 57.0% in the third quarter. Metropolitan Life Insurance Co NY now owns 17,040 shares of the company’s stock valued at $265,000 after buying an additional 6,186 shares in the last quarter. Hedge funds and other institutional investors own 45.95% of the company’s stock.
WillScot stock traded up $0.29 during midday trading on Friday, reaching $19.14. 446,100 shares of the company’s stock were exchanged, compared to its average volume of 305,958. WillScot has a 52 week low of $9.56 and a 52 week high of $19.16. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.96 and a current ratio of 1.01. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 100.74, a P/E/G ratio of 1.73 and a beta of 1.88. The stock’s 50-day simple moving average is $18.02 and its 200 day simple moving average is $16.12.
WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. WillScot had a positive return on equity of 2.93% and a negative net margin of 3.09%. The business had revenue of $272.34 million during the quarter, compared to analysts’ expectations of $271.40 million. During the same quarter last year, the company posted ($0.37) earnings per share. WillScot’s quarterly revenue was up 24.4% on a year-over-year basis. Research analysts forecast that WillScot will post 0.27 earnings per share for the current year.
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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