WillScot (NASDAQ:WSC) Stock Price Expected to Rise, Barclays Analyst Says

WillScot (NASDAQ:WSC) had its target price boosted by equities research analysts at Barclays from $18.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 14.23% from the company’s current price.

A number of other analysts also recently weighed in on the stock. DA Davidson reduced their target price on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Morgan Stanley upped their price objective on shares of WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.88.

WillScot Stock Down 4.0%

Shares of NASDAQ:WSC opened at $19.26 on Friday. The firm has a market capitalization of $3.48 billion, a P/E ratio of -64.20, a P/E/G ratio of 1.40 and a beta of 1.08. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The stock has a 50 day moving average price of $21.18 and a 200-day moving average price of $21.15. WillScot has a 52-week low of $14.91 and a 52-week high of $31.88.

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

Hedge Funds Weigh In On WillScot

Hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its stake 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 worth $39,000 after purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares in the last quarter. Danske Bank A S purchased a new stake in shares of WillScot during the third quarter valued at $44,000. Finally, Advisors Asset Management Inc. boosted its position in shares of WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after buying an additional 1,824 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.