Mobile Mini (MINI) Rating Increased to Buy at Zacks Investment Research

Mobile Mini (NASDAQ:MINI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, February 8th. The firm presently has a $49.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.89% from the stock’s previous close.

According to Zacks, “Mobile Mini, Inc. is the world’s leading provider of portable storage solutions through its total rental fleet of approximately 210,900 storage solutions containers and office units and a leading provider of tank and pump solutions in the U.S., with a rental fleet of approximately 12,000 units. Mobile Mini’s network is comprised of 156 locations in the U.S., U.K., and Canada. Mobile Mini international presence and diverse fleet enables to meet customers’ storage and tank-and-pump rental requirements whenever and wherever they need. Mobile Mini is committed to providing the most secure and convenient storage, tank and pump solutions. Mobile Mini Company takes pride in convenience, customer service, and high-security products, and Mobile Mini are always looking for ways to improve services and exceed your expectations. “

Several other brokerages have also commented on MINI. Sidoti upgraded shares of Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, February 5th. SunTrust Banks lifted their price objective on shares of Mobile Mini to $44.00 and gave the company a “hold” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Oppenheimer lifted their price objective on shares of Mobile Mini from $36.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. BidaskClub upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird set a $46.00 target price on shares of Mobile Mini and gave the company a “hold” rating in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.71.

Shares of Mobile Mini (NASDAQ MINI) traded down $0.65 on Thursday, hitting $42.65. 224,500 shares of the stock were exchanged, compared to its average volume of 235,706. Mobile Mini has a fifty-two week low of $26.70 and a fifty-two week high of $46.10. The firm has a market cap of $1,892.44, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.84 and a beta of 2.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.17.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The business had revenue of $146.70 million for the quarter, compared to analyst estimates of $140.60 million. During the same period last year, the business earned $0.48 EPS. The company’s revenue was up 11.5% on a year-over-year basis. equities research analysts expect that Mobile Mini will post 1.65 EPS for the current year.

In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of Mobile Mini stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of MINI. Teachers Advisors LLC increased its position in Mobile Mini by 1.3% during the second quarter. Teachers Advisors LLC now owns 78,608 shares of the industrial products company’s stock worth $2,346,000 after purchasing an additional 1,022 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Mobile Mini by 12.2% during the second quarter. TIAA CREF Investment Management LLC now owns 138,382 shares of the industrial products company’s stock worth $4,131,000 after purchasing an additional 15,100 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Mobile Mini by 73.6% during the second quarter. UBS Asset Management Americas Inc. now owns 17,703 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 7,504 shares during the last quarter. Vanguard Group Inc. increased its position in Mobile Mini by 1.5% during the second quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock worth $123,741,000 after purchasing an additional 62,522 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Mobile Mini by 2.3% during the second quarter. California Public Employees Retirement System now owns 86,100 shares of the industrial products company’s stock worth $2,570,000 after purchasing an additional 1,900 shares during the last quarter.

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About Mobile Mini

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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