WillScot (NASDAQ:WSC) Earns Neutral Rating from Robert W. Baird

WillScot (NASDAQ:WSC)‘s stock had its “neutral” rating restated by equities researchers at Robert W. Baird in a report released on Wednesday, Marketbeat Ratings reports. They currently have a $23.00 price objective on the stock, up from their previous price objective of $22.00. Robert W. Baird’s price target suggests a potential upside of 7.03% from the company’s previous close.

WSC has been the subject of several other research reports. Jefferies Financial Group decreased their target price on WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research report on Monday, September 29th. DA Davidson reduced their price target on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Barclays lowered their price objective on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.88.

WillScot Stock Down 0.6%

Shares of WillScot stock opened at $21.49 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. WillScot has a 12-month low of $14.91 and a 12-month high of $39.58. The company has a market cap of $3.91 billion, a P/E ratio of 17.76, a PEG ratio of 1.93 and a beta of 1.11. The company’s fifty day simple moving average is $19.89 and its two-hundred day simple moving average is $22.63.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. During the same period last year, the company posted $0.38 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Research analysts anticipate that WillScot will post 1.77 EPS for the current year.

Institutional Investors Weigh In On WillScot

A number of institutional investors have recently made changes to their positions in the company. Thompson Investment Management Inc. raised its holdings in WillScot by 122.3% in the 4th quarter. Thompson Investment Management Inc. now owns 40,541 shares of the company’s stock worth $763,000 after acquiring an additional 22,300 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in WillScot during the 4th quarter valued at $13,862,000. Central Pacific Bank Trust Division increased its holdings in shares of WillScot by 21.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 21,431 shares of the company’s stock worth $404,000 after purchasing an additional 3,842 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of WillScot in the third quarter worth $44,000. Hedge funds and other 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.