Mobile Mini (MINI) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a sell rating in a research note published on Friday, March 22nd, ValuEngine reports.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Mobile Mini from a hold rating to a sell rating in a research note on Tuesday, March 19th. BidaskClub lowered shares of Mobile Mini from a hold rating to a sell rating in a research note on Saturday, March 9th. TheStreet downgraded shares of Mobile Mini from a b rating to a c rating in a report on Friday, February 1st. Finally, Oppenheimer lowered their target price on shares of Mobile Mini from $47.00 to $40.00 and set an outperform rating for the company in a report on Monday, February 4th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Mobile Mini currently has an average rating of Hold and an average target price of $47.33.

MINI stock traded down $0.30 during trading on Friday, reaching $33.50. 259,206 shares of the company were exchanged, compared to its average volume of 199,314. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.21 and a quick ratio of 0.19. Mobile Mini has a twelve month low of $29.46 and a twelve month high of $50.40. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.24 and a beta of 1.75.

Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, February 1st. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The company had revenue of $160.90 million for the quarter, compared to the consensus estimate of $155.55 million. Mobile Mini had a positive return on equity of 8.74% and a negative net margin of 1.36%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. On average, equities research analysts anticipate that Mobile Mini will post 1.96 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of MINI. Norges Bank purchased a new stake in Mobile Mini during the fourth quarter worth about $12,560,000. SG Capital Management LLC purchased a new stake in Mobile Mini during the fourth quarter worth about $7,659,000. BlackRock Inc. increased its holdings in Mobile Mini by 2.7% during the third quarter. BlackRock Inc. now owns 6,466,128 shares of the industrial products company’s stock worth $283,539,000 after buying an additional 168,061 shares during the last quarter. Millennium Management LLC increased its holdings in Mobile Mini by 285.0% during the fourth quarter. Millennium Management LLC now owns 163,057 shares of the industrial products company’s stock worth $5,177,000 after buying an additional 120,702 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in Mobile Mini by 2.0% during the third quarter. Vanguard Group Inc now owns 4,610,861 shares of the industrial products company’s stock worth $202,187,000 after buying an additional 91,893 shares during the last quarter. Institutional investors and hedge funds own 98.52% 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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