WillScot (NASDAQ:WSC) Price Target Cut to $30.00 by Analysts at DA Davidson

WillScot (NASDAQ:WSC) had its price objective decreased by DA Davidson from $32.00 to $30.00 in a research report report published on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other research analysts have also weighed in on WSC. Barclays decreased their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Robert W. Baird restated a “neutral” rating and set a $23.00 target price (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Morgan Stanley lifted their target price on shares of WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup upped their target price on WillScot from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.38.

WillScot Stock Performance

Shares of WSC stock opened at $23.73 on Tuesday. The company has a fifty day moving average price of $20.89 and a two-hundred day moving average price of $21.32. WillScot has a one year low of $14.91 and a one year high of $35.01. The stock has a market cap of $4.32 billion, a P/E ratio of -79.10, a P/E/G ratio of 1.69 and a beta of 1.12. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The firm had revenue of $565.97 million during the quarter, compared to the consensus estimate of $545.34 million. During the same period in the previous year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities analysts predict that WillScot will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is -93.33%.

Hedge Funds Weigh In On WillScot

Institutional investors have recently modified their holdings of the business. Turtle Creek Asset Management Inc. grew its position in WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after acquiring an additional 3,645,350 shares during the last quarter. State Street Corp increased its position in WillScot by 1.4% during the 4th quarter. State Street Corp now owns 5,774,998 shares of the company’s stock worth $108,743,000 after purchasing an additional 80,713 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in WillScot by 334.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock valued at $103,988,000 after buying an additional 4,250,951 shares in the last quarter. Capital International Investors increased its holdings in shares of WillScot by 10.8% during the fourth quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock worth $103,368,000 after buying an additional 536,511 shares in the last quarter. Finally, Coliseum Capital Management LLC lifted its stake in shares of WillScot by 70.7% in the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock valued at $96,251,000 after acquiring an additional 2,117,247 shares during the last quarter. Institutional investors and hedge funds 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.