Analysts Set Mobile Mini, Inc. (MINI) Target Price at $35.33
Shares of Mobile Mini, Inc. (NASDAQ:MINI) have been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $35.33.
A number of research firms have recently weighed in on MINI. BidaskClub cut Mobile Mini from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Robert W. Baird set a $34.00 price objective on Mobile Mini and gave the company a “hold” rating in a research report on Sunday, September 10th. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a research report on Wednesday, October 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a research report on Friday, September 1st.
Mobile Mini (MINI) traded up 0.14% during trading on Wednesday, hitting $34.95. The stock had a trading volume of 157,321 shares. The stock’s 50-day moving average is $31.63 and its 200 day moving average is $29.94. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 30.36 and a beta of 2.26. Mobile Mini has a one year low of $23.40 and a one year high of $37.05.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The company had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Mobile Mini will post $1.21 earnings per share for the current year.
In other Mobile Mini news, CFO Mark Funk sold 3,699 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.52, for a total transaction of $116,592.48. Following the completion of the sale, the chief financial officer now owns 153,260 shares of the company’s stock, valued at $4,830,755.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence Trachtenberg sold 10,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the sale, the director now directly owns 38,181 shares of the company’s stock, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,065 shares of company stock valued at $4,832,212. Company insiders own 6.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MINI. Ameritas Investment Partners Inc. purchased a new stake in Mobile Mini during the first quarter valued at about $117,000. Foresters Investment Management Company Inc. grew its position in Mobile Mini by 6.5% during the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC purchased a new stake in Mobile Mini during the second quarter valued at about $152,000. Trexquant Investment LP purchased a new stake in Mobile Mini during the second quarter valued at about $206,000. Finally, Eqis Capital Management Inc. purchased a new stake in Mobile Mini during the second quarter valued at about $209,000.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company 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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