WillScot (NASDAQ:WSC) Price Target Cut to $30.00 by Analysts at DA Davidson

WillScot (NASDAQ:WSC) had its target price cut by equities researchers at DA Davidson from $32.00 to $30.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 29.27% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Citigroup increased their price objective on shares of WillScot from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer raised their price target on shares of WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Morgan Stanley raised their target price on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.38.

WillScot Stock Up 3.0%

NASDAQ:WSC traded up $0.68 during mid-day trading on Tuesday, hitting $23.21. The company had a trading volume of 261,377 shares, compared to its average volume of 1,748,294. The business has a fifty day simple moving average of $20.80 and a 200-day simple moving average of $21.32. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -76.97, a PEG ratio of 2.19 and a beta of 1.12. WillScot has a 1 year low of $14.91 and a 1 year high of $35.01. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. WillScot’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Equities analysts forecast that WillScot will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WillScot

Several large investors have recently modified their holdings of the stock. Turtle Creek Asset Management Inc. boosted its stake in WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after acquiring an additional 3,645,350 shares during the period. State Street Corp lifted its holdings in shares of WillScot by 1.4% in the 4th quarter. State Street Corp now owns 5,774,998 shares of the company’s stock worth $108,743,000 after purchasing an additional 80,713 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of WillScot by 334.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after purchasing an additional 4,250,951 shares during the last quarter. Capital International Investors boosted its position in WillScot by 10.8% during the 4th quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock valued at $103,368,000 after purchasing an additional 536,511 shares during the period. Finally, Coliseum Capital Management LLC grew its stake in WillScot by 70.7% during the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after buying an additional 2,117,247 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.