Mobile Mini (NASDAQ:MINI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other brokerages have also issued reports on MINI. Robert W. Baird reaffirmed a “hold” rating and set a $34.00 price target on shares of Mobile Mini in a research note on Thursday, October 12th. Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. SunTrust Banks reaffirmed a “hold” rating on shares of Mobile Mini in a research note on Sunday, October 22nd. KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a research note on Wednesday, October 4th. Finally, Sidoti reaffirmed a “neutral” rating on shares of Mobile Mini in a research note on Friday, October 13th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $37.00.
Mobile Mini (NASDAQ MINI) traded up $1.30 during trading on Thursday, reaching $37.10. The company’s stock had a trading volume of 132,614 shares, compared to its average volume of 100,470. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1,586.89, a price-to-earnings ratio of 33.13, a P/E/G ratio of 1.87 and a beta of 2.35. Mobile Mini has a one year low of $26.70 and a one year high of $38.00.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. The business had revenue of $136.64 million during the quarter, compared to analyst estimates of $133.73 million. During the same period in the prior year, the firm posted $0.31 EPS. Mobile Mini’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts forecast that Mobile Mini will post 1.11 EPS for the current year.
In other news, Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MINI. SG Americas Securities LLC bought a new stake in Mobile Mini in the second quarter valued at about $152,000. Amalgamated Bank bought a new stake in Mobile Mini in the third quarter valued at about $204,000. Concorde Asset Management LLC bought a new stake in Mobile Mini in the third quarter valued at about $232,000. Piedmont Investment Advisors LLC bought a new stake in Mobile Mini in the second quarter valued at about $285,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Mobile Mini in 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.
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