Mobile Mini Inc (MINI) Receives $47.11 Average Target Price from Analysts

Mobile Mini Inc (NASDAQ:MINI) has been given an average rating of “Hold” by the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.11.

MINI has been the topic of a number of recent research reports. 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 report on Monday, October 22nd. Needham & Company LLC upped their target price on shares of Mobile Mini to $55.00 and gave the company a “buy” rating in a report on Monday, October 22nd. Credit Suisse Group initiated coverage on shares of Mobile Mini in a report on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective on the stock. Berenberg Bank initiated coverage on shares of Mobile Mini in a report on Wednesday, September 19th. They set a “buy” rating and a $53.00 price objective on the stock. Finally, BidaskClub lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

NASDAQ:MINI traded down $1.78 on Monday, reaching $34.52. The stock had a trading volume of 333,737 shares, compared to its average volume of 144,520. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Mobile Mini has a 12-month low of $32.40 and a 12-month high of $50.40.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. Mobile Mini’s payout ratio is currently 86.21%.

Several hedge funds have recently made changes to their positions in MINI. Belpointe Asset Management LLC purchased a new position in shares of Mobile Mini during the 3rd quarter worth about $116,000. Renaissance Technologies LLC purchased a new position in shares of Mobile Mini during the 3rd quarter worth about $219,000. Marshall Wace North America L.P. purchased a new position in shares of Mobile Mini during the 3rd quarter worth about $233,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Mobile Mini during the 2nd quarter worth about $243,000. Finally, We Are One Seven LLC purchased a new position in shares of Mobile Mini during the 3rd quarter worth about $335,000. Institutional investors and hedge funds own 99.17% 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 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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