Credit Suisse Group assumed coverage on shares of Mobile Mini (NASDAQ:MINI) in a research report issued on Friday. The brokerage set a “neutral” rating and a $45.00 price target on the industrial products company’s stock. Credit Suisse Group’s target price indicates a potential downside of 1.85% from the company’s current price.
A number of other equities analysts have also weighed in on MINI. BidaskClub lowered shares of Mobile Mini from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. ValuEngine upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Saturday, June 23rd. Robert W. Baird upgraded shares of Mobile Mini from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $47.00 to $48.00 in a research report on Friday, July 27th. Finally, MED reiterated a “sell” rating on shares of Mobile Mini in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Mobile Mini currently has a consensus rating of “Hold” and an average price target of $45.88.
Shares of Mobile Mini traded down $0.15, reaching $45.85, during mid-day trading on Friday, according to MarketBeat.com. The stock had a trading volume of 397 shares, compared to its average volume of 192,638. The firm has a market cap of $1.98 billion, a P/E ratio of 39.53, a PEG ratio of 1.91 and a beta of 1.93. Mobile Mini has a 12 month low of $28.10 and a 12 month high of $50.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.16.
In other news, Director Stephen A. Mcconnell sold 20,000 shares of the business’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $46.87, for a total value of $937,400.00. Following the transaction, the director now owns 94,789 shares of the company’s stock, valued at $4,442,760.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in shares of Mobile Mini by 110.3% in the fourth quarter. Deutsche Bank AG now owns 116,805 shares of the industrial products company’s stock worth $4,028,000 after buying an additional 61,258 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Mobile Mini by 2.3% in the first quarter. Prudential Financial Inc. now owns 74,404 shares of the industrial products company’s stock worth $3,237,000 after buying an additional 1,650 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Mobile Mini in the first quarter worth $6,304,000. New York State Teachers Retirement System lifted its holdings in shares of Mobile Mini by 5.9% in the first quarter. New York State Teachers Retirement System now owns 109,355 shares of the industrial products company’s stock worth $4,757,000 after buying an additional 6,134 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new position in shares of Mobile Mini in the first quarter worth $404,000. 97.88% of the stock is currently owned by hedge funds and other institutional investors.
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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