Market Analysts see WillScot Mobile Mini Holdings Corp. [WSC] gaining to $49. Time to buy?

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WillScot Mobile Mini Holdings Corp. [NASDAQ: WSC] Loss -1.40% or -0.59 points to close at $41.51 with a heavy trading volume of 24,50,684 shares. Company report on September 19, 2022 WillScot Mobile Mini acquires a regional modular space and portable storage provider in the mid-Atlantic.


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WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or “the Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced that it has acquired Allied Office Trailers and Storage Containers. This acquisition adds approximately 8,000 lease assets to WillScot Mobile Mini’s fleet of mobile offices and portable storage containers and expands the company’s existing operations along the eastern United States.

Brad Soltz, CEO, commented, “This transaction is fantastic for our company and our customers in terms of expanded product offerings, capabilities, and expertise. The growth of our fleet and operations positions us well to serve continued strong demand throughout the North American warehousing and storage segments. Additionally, This acquisition gives Allied customers access to North America’s largest and most innovative fleet of modular space and portable storage products – from unique FLEX™ paneled desks and warehousing’s Tri-Cam Locking System® to an exclusive range of value-added products and best-in-class logistical capabilities. This solid, veteran owned business makes an excellent addition to the WillScot Mobile Mini, and we welcome the team and their customers to our company.”

The trading session opened at $42.06, shares rose to $42.52 and fell to $41.16, the range in which the share price has traded all day. WSC’s daily chart indicates that the company has posted a gain of 7.87% over the past six months. However, it is still 36.01% lower than its recent low trade price.

If we look at the average trading volume of 2.20 million shares, the WSC volume reached 2450684 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what top stock market experts have to say about WillScot Mobile Mini Holdings Corp. [WSC]:

Based on careful, fact-backed analyzes by Wall Street experts, the current consensus on a target price for WSC shares is $49.82 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for WSC stock is a set recommendation at 1.50. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Deutsche Bank made an estimate for WillScot Mobile Mini Holdings Corp. shares, keeping their opinion of the stock as a buy, with their previous recommendation back on March 30, 2022. While these analysts maintained their previous recommendation, Barclays raised the target price from $40. to $50. The new note about price target was released on March 2, 2022, which is the official target price for WillScot Mobile Mini Holdings Corp. stock. Previously, the target price had had another increase from $31 to $33, while Robert W. Bird retained Outperform’s rating on WSC stock.

The Average True Range (ATR) is set for WillScot Mobile Mini Holdings Corp. at 1.12, with a price-to-sales ratio for WSC stock in the past 12-month period at 4.28. The price-to-book ratio for the most recent quarter was 5.23, with the price-to-cash ratio for the stock in the same quarter set at 0.05. WSC’s free cash flow rate for the past 12 months was 15.53 with a Q4 quick ratio of 0.80.

WSC stock trading performance analysis

WillScot Mobile Mini Holdings Corp. [WSC] It fell into the red at the end of last week, fell in a negative direction and fell by -1.82. With this latest performance, WSC shares are up 1.62% over the past four-week period, as well as up 7.87% over the past six months — not to mention a 29.15% rise in the past year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for WSC stock for the past two weeks was set at 51.54, with the RSI for the last one trading at 46.80, and the three-week RSI set at 54.28 for WillScot Mobile Mini Holdings Corp. [WSC]. The current moving average of the last 50 trading days for this stock is 39.99, while it recorded at 42.06 for the last trading week, and 37.52 for the last 200 days.

WillScot Mobile Mini Holdings Corp. [WSC]A deeper look at fundamental analysis

Operating margin for any stock indicates how profitable the investment is, WillScot Mobile Mini Holdings Corp. [WSC] The stock currently has an operating margin of +21.49 and a gross margin of +46.98. WillScot Mobile Mini Holdings Corp’s net margin is currently at +8.45.

The return on equity for this stock rose to 7.74, with the return on assets remaining at 2.82.

The liquidity data for WillScot Mobile Mini Holdings Corp is also interesting, with the quick ratio at 0.80 and the current ratio at 0.90.

WillScot Mobile Mini Holdings Corp. [WSC]Earnings per share (EPS) analysis

The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for WSC. When it comes to the stated value, analysts expect the 5-year EPS growth rate for WillScot Mobile Mini Holdings Corp. to 54.40%.

Inside Ownership Analysis at WillScot Mobile Mini Holdings Corp. [WSC]

There are currently approximately $8948 million in the hands of institutional investors. The three largest institutional owners of WSC shares are: VANGUARD GROUP INC with ownership of 19,731,119, which represents approximately -2.959% of the company’s market capitalization and about 2.30% of the total institutional ownership; BLACKROCK INC. , which owns 13,680,093 shares of stock with an approximate value of $567.86 million in WSC stock; and FMR LLC, currently holds $566.24 million in WSC stock holding approximately -11.019% of the company’s market capitalization.

Positions in WillScot Mobile Mini Holdings Corp shares held by institutional investors increased at the end of August and at the time of the August report, as 189 institutional investors consolidated their positions in WillScot Mobile Mini Holdings Corp. [NASDAQ:WSC] About 24381203 shares. In addition, the number of 181 investors decreased their positions by 30,024,854 shares, while 48 investors occupied positions with a value of 161,163,006 shares. The said changes put institutional holdings at 215.569.063 shares, according to the latest report from the Securities and Exchange Commission. The WSC had 62 new institutional investments totaling 6,695,915 shares, while 53 institutional investors sold positions totaling 3,120,354 shares during the same period.

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