WillScot (NASDAQ:WSC) Given New $29.00 Price Target at Morgan Stanley

WillScot (NASDAQ:WSC) had its target price hoisted by investment analysts at Morgan Stanley from $23.00 to $29.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 8.57% from the stock’s previous close.

WSC has been the subject of a number of other reports. Citigroup increased their price objective on WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson reduced 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. Barclays raised their price target on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Robert W. Baird set a $26.00 price target on WillScot in a report on Friday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, WillScot has an average rating of “Hold” and a consensus target price of $25.63.

WillScot Stock Down 4.9%

WillScot stock opened at $26.71 on Tuesday. WillScot has a twelve month low of $14.91 and a twelve month high of $31.88. The stock has a 50 day moving average of $19.96 and a two-hundred day moving average of $20.27. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -70.29, a PEG ratio of 2.05 and a beta of 1.31.

WillScot (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The company had revenue of $548.63 million during the quarter, compared to analysts’ expectations of $518.17 million. During the same period last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts expect that WillScot will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On WillScot

Several hedge funds have recently bought and sold shares of the company. Xponance LLC increased its stake in WillScot by 3.5% in the 4th quarter. Xponance LLC now owns 14,245 shares of the company’s stock valued at $268,000 after purchasing an additional 478 shares in the last quarter. Nisa Investment Advisors LLC increased its position in WillScot by 22.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after buying an additional 543 shares in the last quarter. CWM LLC increased its position in WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in WillScot by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 41,604 shares of the company’s stock worth $783,000 after buying an additional 600 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its position in WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after buying an additional 679 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.