WillScot (NASDAQ:WSC) Price Target Raised to $22.00 at Barclays

WillScot (NASDAQ:WSC) had its price target boosted by stock analysts at Barclays from $18.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 13.70% from the stock’s previous close.

Several other analysts also recently issued reports on WSC. Oppenheimer increased their price target on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, DA Davidson decreased their price target on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, WillScot has an average rating of “Hold” and an average target price of $25.88.

WillScot Trading Down 3.6%

WSC traded down $0.72 on Friday, reaching $19.35. 943,192 shares of the company’s stock were exchanged, compared to its average volume of 1,895,842. WillScot has a twelve month low of $14.91 and a twelve month high of $31.88. The company’s 50 day moving average is $21.19 and its 200-day moving average is $21.21. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -64.50, a PEG ratio of 1.55 and a beta of 1.08.

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

Institutional Trading of WillScot

Several institutional investors have recently added to or reduced their stakes in WSC. Salomon & Ludwin LLC grew its holdings in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares in the last quarter. CWM LLC lifted its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC grew its stake in WillScot by 149.9% in the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after purchasing an additional 1,238 shares in the last quarter. Danske Bank A S bought a new stake in WillScot in the third quarter valued at about $44,000. Finally, Advisors Asset Management Inc. increased its holdings in WillScot by 160.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after buying an additional 1,824 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

About WillScot

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.