WillScot (NASDAQ:WSC) Price Target Lowered to $23.00 at Citigroup

WillScot (NASDAQ:WSC) had its price target dropped by research analysts at Citigroup from $26.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 20.86% from the company’s current price.

A number of other analysts have also commented on the stock. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research note on Thursday. DA Davidson dropped their target price on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Oppenheimer upped their price target on shares of WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Barclays raised their price objective on shares of WillScot from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.50.

WillScot Trading Down 1.2%

Shares of WillScot stock traded down $0.23 on Monday, reaching $19.03. 454,533 shares of the company were exchanged, compared to its average volume of 1,918,333. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -63.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The stock has a fifty day moving average price of $21.18 and a 200-day moving average price of $21.13.

WillScot (NASDAQ:WSC) last released 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). 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%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. On average, analysts expect that WillScot will post 1.77 EPS for the current year.

Institutional Investors Weigh In On WillScot

A number of institutional investors have recently modified their holdings of WSC. Baird Financial Group Inc. boosted its position in WillScot by 74.6% during the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after purchasing an additional 117,309 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in WillScot by 2.1% in the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock valued at $78,392,000 after purchasing an additional 57,946 shares in the last quarter. Van Berkom & Associates Inc. increased its position in WillScot by 26.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after purchasing an additional 645,246 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of WillScot during the 2nd quarter worth about $1,339,000. Finally, Oak Thistle LLC purchased a new stake in shares of WillScot during the 3rd quarter worth about $1,649,000. Institutional investors and hedge funds 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.