Stifel Nicolaus Begins Coverage on WillScot (NASDAQ:WSC)

Stifel Nicolaus began coverage on shares of WillScot (NASDAQ:WSC) in a report issued on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $19.00 price objective on the stock.

Other research analysts have also issued research reports about the company. Oppenheimer reiterated a buy rating and set a $17.00 price target on shares of WillScot in a report on Thursday, June 25th. ValuEngine raised WillScot from a sell rating to a hold rating in a research report on Thursday, April 2nd. Bank of America reissued a buy rating and set a $17.00 price objective on shares of WillScot in a research report on Thursday, May 28th. Finally, DA Davidson cut their price objective on WillScot from $23.00 to $19.00 and set a buy rating for the company in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $18.13.

NASDAQ WSC opened at $13.15 on Tuesday. WillScot has a 52 week low of $7.45 and a 52 week high of $19.79. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 2.39. The business’s fifty day simple moving average is $13.87 and its 200-day simple moving average is $14.73. The firm has a market cap of $1.46 billion, a PE ratio of -328.75, a P/E/G ratio of 2.13 and a beta of 1.98.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. WillScot had a positive return on equity of 4.36% and a negative net margin of 0.41%. The business had revenue of $255.82 million for the quarter, compared to analyst estimates of $260.90 million. Research analysts expect that WillScot will post 0.38 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Rhumbline Advisers grew its position in WillScot by 4.1% in the 4th quarter. Rhumbline Advisers now owns 65,826 shares of the company’s stock valued at $1,217,000 after acquiring an additional 2,602 shares in the last quarter. Swiss National Bank grew its position in WillScot by 3.0% in the 4th quarter. Swiss National Bank now owns 104,000 shares of the company’s stock valued at $1,923,000 after acquiring an additional 3,000 shares in the last quarter. State Street Corp grew its position in WillScot by 4.6% in the 4th quarter. State Street Corp now owns 1,048,545 shares of the company’s stock valued at $19,388,000 after acquiring an additional 46,084 shares in the last quarter. Victory Capital Management Inc. grew its position in WillScot by 3,493.2% in the 4th quarter. Victory Capital Management Inc. now owns 234,100 shares of the company’s stock valued at $4,329,000 after acquiring an additional 227,585 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of WillScot by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,013 shares of the company’s stock worth $6,010,000 after buying an additional 6,430 shares in the last quarter. 54.85% of the stock is owned by institutional investors.

About WillScot

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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Analyst Recommendations for WillScot (NASDAQ:WSC)

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