Analysts Set Mobile Mini Inc (MINI) Target Price at $43.67

Mobile Mini Inc (NASDAQ:MINI) has received a consensus rating of “Buy” from the nine research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $45.71.

A number of analysts recently weighed in on MINI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a report on Sunday, October 22nd. Oppenheimer reaffirmed a “buy” rating and set a $36.00 target price on shares of Mobile Mini in a report on Monday, October 23rd. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Sidoti raised shares of Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday. Finally, Zacks Investment Research raised shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday.

Shares of Mobile Mini (NASDAQ MINI) traded down $0.10 during mid-day trading on Tuesday, hitting $41.25. 46,690 shares of the company were exchanged, compared to its average volume of 216,215. The stock has a market cap of $1,888.00, a PE ratio of 15.18, a P/E/G ratio of 1.84 and a beta of 2.29. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.35. Mobile Mini has a 12 month low of $26.70 and a 12 month high of $46.10.

Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $146.70 million for the quarter, compared to analyst estimates of $140.60 million. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. Mobile Mini’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. sell-side analysts anticipate that Mobile Mini will post 1.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be issued a $0.25 dividend. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. Mobile Mini’s dividend payout ratio is presently 33.09%.

In other news, Director Stephen A. Mcconnell sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The shares were 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 corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank bought a new position in shares of Mobile Mini during the 3rd quarter valued at $204,000. Concorde Asset Management LLC purchased a new stake in shares of Mobile Mini during the third quarter valued at about $232,000. SG Americas Securities LLC lifted its position in shares of Mobile Mini by 41.6% during the third quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock valued at $248,000 after buying an additional 2,119 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Mobile Mini during the second quarter valued at about $285,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Mobile Mini during the third quarter valued at about $287,000.

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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.

Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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