Analysts Set WillScot Corp (NASDAQ:WSC) Price Target at $16.92

WillScot Corp (NASDAQ:WSC) has received a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.92.

WSC has been the topic of a number of research analyst reports. Zacks Investment Research cut WillScot from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. DA Davidson assumed coverage on WillScot in a report on Tuesday, June 25th. They set a “buy” rating and a $19.00 price target for the company.

In other WillScot news, Director Jeffrey Sagansky sold 100,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.01, for a total value of $1,401,000.00. Following the transaction, the director now directly owns 2,576,346 shares of the company’s stock, valued at approximately $36,094,607.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 56.13% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSC. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WillScot by 78.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the company’s stock valued at $51,000 after acquiring an additional 2,019 shares during the period. Bank of Montreal Can grew its holdings in shares of WillScot by 87.8% during the second quarter. Bank of Montreal Can now owns 9,263 shares of the company’s stock valued at $139,000 after buying an additional 4,330 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of WillScot during the first quarter valued at approximately $169,000. Zazove Associates LLC increased its position in shares of WillScot by 2,457.5% during the second quarter. Zazove Associates LLC now owns 2,500,000 shares of the company’s stock valued at $193,000 after acquiring an additional 2,402,248 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of WillScot during the first quarter valued at approximately $272,000. Institutional investors and hedge funds own 46.68% of the company’s stock.

NASDAQ WSC traded up $0.08 during trading on Friday, reaching $15.25. 6,055 shares of the company’s stock were exchanged, compared to its average volume of 299,943. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.04 and a quick ratio of 0.99. The business has a 50 day moving average price of $14.56 and a 200-day moving average price of $13.43. The stock has a market capitalization of $1.70 billion, a P/E ratio of 80.26, a PEG ratio of 12.16 and a beta of 1.84. WillScot has a fifty-two week low of $8.21 and a fifty-two week high of $18.19.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. WillScot had a positive return on equity of 0.55% and a negative net margin of 6.66%. The company had revenue of $266.13 million during the quarter, compared to analysts’ expectations of $262.74 million. On average, analysts forecast that WillScot will post 0.08 earnings per share for the current year.

WillScot Company Profile

Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.

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Analyst Recommendations for WillScot (NASDAQ:WSC)

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