WillScot (WSC) Coverage Initiated by Analysts at Credit Suisse Group
Equities researchers at Credit Suisse Group began coverage on shares of WillScot (NASDAQ:WSC) in a research report issued on Friday, MarketBeat.com reports. The firm set an “outperform” rating and a $20.00 price target on the stock. Credit Suisse Group’s price target suggests a potential upside of 25.00% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Jefferies Financial Group initiated coverage on WillScot in a research note on Monday, July 9th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, June 30th. Finally, ValuEngine upgraded WillScot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.50.
NASDAQ:WSC opened at $16.00 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.86. WillScot has a one year low of $9.45 and a one year high of $17.70. The stock has a market capitalization of $1.50 billion and a P/E ratio of -4.11.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in WillScot during the second quarter valued at approximately $120,000. Strs Ohio acquired a new stake in WillScot during the second quarter valued at approximately $140,000. FNY Investment Advisers LLC acquired a new stake in WillScot during the second quarter valued at approximately $146,000. Intrinsic Edge Capital Management LLC acquired a new stake in WillScot during the second quarter valued at approximately $148,000. Finally, Verition Fund Management LLC acquired a new stake in WillScot during the first quarter valued at approximately $148,000. Hedge funds and other institutional investors own 37.15% of the company’s stock.
WillScot Company Profile
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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