Mobile Mini (NASDAQ:MINI) had its price objective lifted by Oppenheimer from $36.00 to $45.00 in a research note released on Tuesday, February 6th. The firm currently has an outperform rating on the industrial products company’s stock. Oppenheimer also issued estimates for Mobile Mini’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $1.60 EPS and FY2019 earnings at $1.88 EPS.
Other analysts have also recently issued reports about the company. SunTrust Banks increased their target price on Mobile Mini to $44.00 and gave the stock a hold rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Robert W. Baird reissued a hold rating and set a $34.00 target price on shares of Mobile Mini in a research note on Thursday, October 12th. Needham & Company LLC reaffirmed a buy rating and set a $38.00 price target on shares of Mobile Mini in a research note on Sunday, October 22nd. BidaskClub raised shares of Mobile Mini from a hold rating to a buy rating in a research note on Wednesday, December 27th. Finally, Sidoti raised shares of Mobile Mini from a neutral rating to a buy rating and set a $52.00 price target for the company in a research note on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $45.71.
Mobile Mini (NASDAQ MINI) opened at $42.70 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35. Mobile Mini has a 52-week low of $26.70 and a 52-week high of $46.10. The stock has a market cap of $1,828.10, a PE ratio of 35.21, a P/E/G ratio of 1.78 and a beta of 2.29.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.25 per share. This is an increase from Mobile Mini’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 27th. This represents a $1.00 annualized dividend and a yield of 2.34%. Mobile Mini’s dividend payout ratio (DPR) is currently 33.09%.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Meadow Creek Investment Management LLC increased its position in shares of Mobile Mini by 24.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,992 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 1,176 shares during the period. Teachers Advisors LLC increased its position in shares of Mobile Mini by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 81,404 shares of the industrial products company’s stock worth $2,808,000 after purchasing an additional 1,754 shares during the period. Raymond James & Associates increased its position in shares of Mobile Mini by 16.3% in the fourth quarter. Raymond James & Associates now owns 130,028 shares of the industrial products company’s stock worth $4,486,000 after purchasing an additional 18,237 shares during the period. Deutsche Bank AG increased its position 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 purchasing an additional 61,258 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of Mobile Mini in the fourth quarter worth $476,000.
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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