Brokerages Set Mobile Mini Inc (NASDAQ:MINI) Price Target at $45.40

Shares of Mobile Mini Inc (NASDAQ:MINI) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $45.40.

Several equities analysts have issued reports on the stock. BidaskClub lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Robert W. Baird set a $41.00 price objective on shares of Mobile Mini and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Credit Suisse Group lowered their price objective on shares of Mobile Mini from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Finally, Noble Financial upgraded shares of Mobile Mini from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 23rd.

NASDAQ MINI traded down $0.63 on Friday, hitting $29.50. The stock had a trading volume of 18,106 shares, compared to its average volume of 334,652. The business has a fifty day moving average of $32.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.14 and a current ratio of 0.16. Mobile Mini has a 52-week low of $29.46 and a 52-week high of $45.30. The company has a market capitalization of $1.42 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.19 and a beta of 1.61.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Mobile Mini had a negative net margin of 0.95% and a positive return on equity of 9.70%. The business had revenue of $150.18 million for the quarter, compared to analyst estimates of $151.75 million. During the same period in the previous year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Mobile Mini will post 1.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.73%. Mobile Mini’s payout ratio is currently 67.07%.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in Mobile Mini by 44.2% during the second quarter. Advisor Group Inc. now owns 965 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 296 shares during the period. Princeton Global Asset Management LLC acquired a new position in Mobile Mini during the first quarter valued at $43,000. Quantamental Technologies LLC lifted its position in Mobile Mini by 119.6% during the first quarter. Quantamental Technologies LLC now owns 1,948 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 1,061 shares during the period. Tower Research Capital LLC TRC lifted its position in Mobile Mini by 565.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,662 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 2,262 shares during the period. Finally, Holocene Advisors LP acquired a new position in Mobile Mini during the second quarter valued at $204,000. Institutional investors and hedge funds own 96.94% of the company’s stock.

About Mobile Mini

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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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