Mobile Mini (NASDAQ:MINI) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $52.00 target price on the industrial products company’s stock. Sidoti’s price objective points to a potential upside of 18.05% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Needham & Company LLC upped their price objective on Mobile Mini from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Deutsche Bank began coverage on Mobile Mini in a report on Tuesday, January 23rd. They issued a “hold” rating and a $39.00 price objective on the stock. BidaskClub cut Mobile Mini from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Mobile Mini from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Oppenheimer reiterated a “buy” rating and issued a $36.00 price objective on shares of Mobile Mini in a report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Mobile Mini has a consensus rating of “Hold” and an average price target of $41.80.
Shares of Mobile Mini (MINI) traded up $1.65 during trading on Monday, hitting $44.05. The stock had a trading volume of 57,087 shares, compared to its average volume of 153,197. The firm has a market cap of $1,879.45, a PE ratio of 16.28, a P/E/G ratio of 2.19 and a beta of 2.29. Mobile Mini has a fifty-two week low of $26.70 and a fifty-two week high of $46.10. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The firm had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $140.60 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts forecast that Mobile Mini will post 1.38 earnings per share for the current fiscal year.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total value of $144,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MINI. Amalgamated Bank purchased a new stake in Mobile Mini in the third quarter valued at approximately $204,000. Concorde Asset Management LLC purchased a new stake in Mobile Mini in the third quarter valued at approximately $232,000. SG Americas Securities LLC raised its position in Mobile Mini by 41.6% in the third quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 2,119 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Mobile Mini in the second quarter valued at approximately $285,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Mobile Mini in the third quarter valued at approximately $287,000.
Mobile Mini Company Profile
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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