Mobile Mini (NASDAQ:MINI) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group lowered their price target on shares of Mobile Mini from $40.00 to $38.00 and set a neutral rating for the company in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of Mobile Mini from a sell rating to a hold rating in a report on Wednesday, July 31st. Robert W. Baird set a $41.00 price objective on shares of Mobile Mini and gave the company a hold rating in a report on Friday, July 26th. Noble Financial upgraded shares of Mobile Mini from a market perform rating to an outperform rating in a report on Thursday, May 23rd. Finally, ValuEngine cut shares of Mobile Mini from a hold rating to a sell rating in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $44.67.

Shares of NASDAQ MINI opened at $31.22 on Tuesday. Mobile Mini has a 1-year low of $29.46 and a 1-year high of $46.30. The company has a market capitalization of $1.46 billion, a P/E ratio of 19.04, a PEG ratio of 1.22 and a beta of 1.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.14 and a current ratio of 0.16. The business has a 50-day moving average of $32.07.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.41 EPS for the quarter, hitting the 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 company had revenue of $150.18 million during the quarter, compared to analysts’ expectations of $151.75 million. During the same quarter in the previous year, the company earned $0.35 EPS. Mobile Mini’s revenue was up 5.8% on a year-over-year basis. As a group, research analysts expect that Mobile Mini will post 1.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Tuesday, August 13th. Mobile Mini’s dividend payout ratio (DPR) is presently 67.07%.

Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Mobile Mini by 44.2% in the second quarter. Advisor Group Inc. now owns 965 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 296 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Mobile Mini in the first quarter worth $43,000. Quantamental Technologies LLC lifted its position in shares of Mobile Mini by 119.6% in the first quarter. Quantamental Technologies LLC now owns 1,948 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 1,061 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Mobile Mini by 404.1% in the first quarter. Marshall Wace North America L.P. now owns 6,195 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 4,966 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Mobile Mini in the first quarter worth $231,000. Institutional investors own 96.48% of the company’s stock.

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 & 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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