Mobile Mini Inc. (NASDAQ:MINI) Receives $37.00 Average Target Price from Brokerages
Shares of Mobile Mini Inc. (NASDAQ:MINI) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $37.00.
A number of analysts recently commented on MINI shares. TheStreet downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Zacks Investment Research raised shares of Mobile Mini from a “strong sell” rating to a “hold” rating in a report on Thursday.
In other Mobile Mini news, Director Jeffrey S. Goble sold 8,338 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $32.47, for a total value of $270,734.86. Following the sale, the director now owns 20,117 shares of the company’s stock, valued at $653,198.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Mobile Mini by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,732,922 shares of the company’s stock valued at $129,306,000 after buying an additional 96,617 shares during the period. Vanguard Group Inc. increased its stake in shares of Mobile Mini by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,518,756 shares of the company’s stock valued at $121,890,000 after buying an additional 100,508 shares during the period. Jennison Associates LLC increased its stake in shares of Mobile Mini by 1.2% in the second quarter. Jennison Associates LLC now owns 2,934,448 shares of the company’s stock valued at $101,649,000 after buying an additional 36,210 shares during the period. BlackRock Fund Advisors increased its stake in shares of Mobile Mini by 2.0% in the second quarter. BlackRock Fund Advisors now owns 2,845,858 shares of the company’s stock valued at $98,581,000 after buying an additional 56,978 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Mobile Mini by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,116,015 shares of the company’s stock valued at $36,851,000 after buying an additional 23,937 shares during the period.
Shares of Mobile Mini (NASDAQ:MINI) opened at 30.20 on Friday. Mobile Mini has a one year low of $24.13 and a one year high of $38.13. The stock’s 50 day moving average is $29.58 and its 200-day moving average is $32.43. The firm has a market cap of $1.33 billion, a P/E ratio of 35.53 and a beta of 2.09.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm earned $124.84 million during the quarter, compared to analysts’ expectations of $128.81 million. Mobile Mini had a net margin of 7.45% and a return on equity of 7.62%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Analysts anticipate that Mobile Mini will post $1.32 EPS for the current fiscal year.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.
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