Mobile Mini Inc (MINI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mobile Mini Inc (NASDAQ:MINI) have received a consensus rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $47.11.

Several research analysts have recently commented on the stock. ValuEngine lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Berenberg Bank initiated coverage on shares of Mobile Mini in a report on Wednesday, September 19th. They issued a “buy” rating and a $53.00 price target for the company. BidaskClub lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Robert W. Baird lowered shares of Mobile Mini from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $44.00 in a research note on Monday, October 22nd. Finally, Credit Suisse Group initiated coverage on shares of Mobile Mini in a research note on Friday, August 10th. They set a “neutral” rating and a $45.00 target price for the company.

A number of institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Mobile Mini by 13.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,661 shares of the industrial products company’s stock worth $467,000 after buying an additional 1,223 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Mobile Mini by 8.1% during the 3rd quarter. Victory Capital Management Inc. now owns 21,134 shares of the industrial products company’s stock worth $927,000 after buying an additional 1,576 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Mobile Mini by 12.9% during the 3rd quarter. AQR Capital Management LLC now owns 13,975 shares of the industrial products company’s stock worth $613,000 after buying an additional 1,596 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Mobile Mini by 11.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,243 shares of the industrial products company’s stock worth $712,000 after buying an additional 1,625 shares in the last quarter. Finally, Prospect Capital Advisors LLC raised its position in shares of Mobile Mini by 0.9% during the 3rd quarter. Prospect Capital Advisors LLC now owns 182,100 shares of the industrial products company’s stock worth $7,985,000 after buying an additional 1,700 shares in the last quarter. 99.17% of the stock is owned by hedge funds and other institutional investors.

NASDAQ MINI opened at $40.42 on Monday. Mobile Mini has a one year low of $32.40 and a one year high of $50.40. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.81 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68.

Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, October 19th. The industrial products company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Mobile Mini had a net margin of 12.05% and a return on equity of 7.95%. The business had revenue of $149.71 million during the quarter, compared to analyst estimates of $148.75 million. During the same period in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that Mobile Mini will post 1.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, November 13th. Mobile Mini’s payout ratio is 86.21%.

Mobile Mini Company Profile

Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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