WillScot Corp (NASDAQ:WSC) Given Average Rating of “Buy” by Analysts

WillScot Corp (NASDAQ:WSC) has been given a consensus rating of “Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.92.

Several analysts have issued reports on the stock. DA Davidson assumed coverage on shares of WillScot in a research report on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price objective for the company. TheStreet raised shares of WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of WillScot from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

WSC traded up $0.35 on Tuesday, reaching $14.44. 291,400 shares of the company’s stock were exchanged, compared to its average volume of 467,026. The company’s 50 day moving average is $15.02 and its 200-day moving average is $12.99. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 76.00, a PEG ratio of 11.74 and a beta of 1.77. WillScot has a twelve month low of $8.21 and a twelve month high of $18.19. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.99 and a current ratio of 1.04.

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

Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of WillScot by 78.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the company’s stock valued at $51,000 after buying an additional 2,019 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of WillScot by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,854 shares of the company’s stock valued at $102,000 after buying an additional 8,477 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of WillScot by 87.8% during the 2nd 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 position in shares of WillScot during the 1st quarter valued at approximately $169,000. Finally, Zazove Associates LLC boosted its stake in shares of WillScot by 2,457.5% during the 2nd quarter. Zazove Associates LLC now owns 2,500,000 shares of the company’s stock valued at $193,000 after buying an additional 2,402,248 shares during the last quarter. 47.95% of the stock is owned by institutional investors.

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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