BidaskClub Downgrades Mobile Mini (MINI) to Sell

Mobile Mini (NASDAQ:MINI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, September 12th.

Several other analysts have also recently issued reports on the stock. Credit Suisse Group started coverage on shares of Mobile Mini in a research note on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective for the company. ValuEngine cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Robert W. Baird raised shares of Mobile Mini from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $47.00 to $48.00 in a research note on Friday, July 27th. MED reissued a “sell” rating on shares of Mobile Mini in a research note on Friday, July 27th. Finally, Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Saturday, June 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.67.

Shares of NASDAQ MINI traded down $0.35 during trading on Wednesday, hitting $42.67. 306,732 shares of the company traded hands, compared to its average volume of 212,169. Mobile Mini has a 1 year low of $32.40 and a 1 year high of $50.40. The stock has a market capitalization of $1.96 billion, a PE ratio of 36.78, a P/E/G ratio of 1.88 and a beta of 1.82. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.35.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Mobile Mini had a net margin of 23.53% and a return on equity of 7.16%. The company had revenue of $142.00 million during the quarter, compared to analysts’ expectations of $140.34 million. During the same period in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that Mobile Mini will post 1.67 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Mobile Mini by 60.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,376 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 1,275 shares in the last quarter. UBS Group AG lifted its holdings in shares of Mobile Mini by 9.8% during the 1st quarter. UBS Group AG now owns 15,655 shares of the industrial products company’s stock valued at $681,000 after acquiring an additional 1,394 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Mobile Mini by 1.3% during the 1st quarter. Rhumbline Advisers now owns 111,485 shares of the industrial products company’s stock valued at $4,850,000 after acquiring an additional 1,413 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Mobile Mini by 4.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,639 shares of the industrial products company’s stock valued at $1,463,000 after acquiring an additional 1,434 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Mobile Mini by 2.0% during the 1st quarter. Swiss National Bank now owns 76,800 shares of the industrial products company’s stock valued at $3,341,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 98.32% 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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