WillScot (NASDAQ:WSC) Hits New 1-Year High at $18.84

WillScot Corp (NASDAQ:WSC)’s share price reached a new 52-week high on Thursday . The company traded as high as $18.84 and last traded at $18.75, with a volume of 16596 shares. The stock had previously closed at $18.75.

Several equities analysts recently commented on the stock. Barclays reiterated a “hold” rating and set a $17.00 price target on shares of WillScot in a report on Sunday, November 10th. DA Davidson upped their price target on shares of WillScot to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Zacks Investment Research raised shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Saturday, October 12th. ValuEngine cut shares of WillScot from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, TheStreet raised shares of WillScot from a “c” rating to a “b-” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $18.13.

The stock’s 50-day moving average is $17.97 and its 200 day moving average is $16.08. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.96. The company has a market cap of $2.12 billion, a PE ratio of 98.58, a PEG ratio of 1.73 and a beta of 1.88.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. WillScot had a negative net margin of 3.09% and a positive return on equity of 2.93%. The business had revenue of $272.34 million for the quarter, compared to analyst estimates of $271.40 million. During the same quarter in the prior year, the business posted ($0.37) EPS. WillScot’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, analysts expect that WillScot Corp will post 0.27 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in WillScot by 1,505.1% during 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 during the period. FNY Investment Advisers LLC purchased a new position in WillScot during the third quarter valued at $62,000. Bank of Montreal Can lifted its holdings in WillScot by 87.8% during the second quarter. Bank of Montreal Can now owns 9,263 shares of the company’s stock valued at $139,000 after purchasing an additional 4,330 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in WillScot by 57.0% during the third quarter. Metropolitan Life Insurance Co NY now owns 17,040 shares of the company’s stock valued at $265,000 after purchasing an additional 6,186 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in WillScot during the second quarter valued at $321,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

About WillScot (NASDAQ:WSC)

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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