WillScot Corp (NASDAQ:WSC) Receives $16.79 Average Target Price from Brokerages

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WillScot Corp (NASDAQ:WSC) has been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $17.06.

Several research analysts have recently weighed in on WSC shares. Zacks Investment Research raised WillScot from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, April 18th. DA Davidson started coverage on WillScot in a research report on Tuesday. They set a “buy” rating and a $19.00 price objective for the company. Bank of America started coverage on WillScot in a research report on Tuesday, April 2nd. They set a “buy” rating and a $13.50 price objective for the company. Finally, TheStreet raised WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th.

WSC stock opened at $14.39 on Monday. The company has a market capitalization of $1.65 billion, a P/E ratio of 75.74, a P/E/G ratio of 8.41 and a beta of 1.82. WillScot has a twelve month low of $8.21 and a twelve month high of $18.19. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 2.46. The business’s fifty day moving average price is $14.19.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $255.00 million during the quarter, compared to the consensus estimate of $254.20 million. WillScot had a negative net margin of 6.34% and a positive return on equity of 0.95%. The company’s revenue was up 89.2% compared to the same quarter last year. On average, analysts predict that WillScot will post 0.11 EPS for the current year.

A number of large investors have recently modified their holdings of WSC. Castleark Management LLC acquired a new stake in shares of WillScot in the 4th quarter valued at $2,983,000. Bank of Montreal Can boosted its stake in WillScot by 3,531.9% during the 4th quarter. Bank of Montreal Can now owns 9,007 shares of the company’s stock valued at $85,000 after purchasing an additional 8,759 shares during the last quarter. Chescapmanager LLC boosted its stake in WillScot by 12.8% during the 4th quarter. Chescapmanager LLC now owns 1,834,418 shares of the company’s stock valued at $17,280,000 after purchasing an additional 208,218 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in WillScot by 8.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,850,682 shares of the company’s stock valued at $75,973,000 after purchasing an additional 553,033 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in WillScot during the 1st quarter valued at about $272,000. 47.70% of the stock is currently owned by institutional investors and hedge funds.

About WillScot

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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