Mobile Mini Receives a Hold from Robert W. Baird

By Ryan Adsit

In a report released yesterday, Andrew Wittmann from Robert W. Baird reiterated a Hold rating on Mobile Mini (NASDAQ: MINI), with a price target of $34. The company’s shares opened today at $35, close to its 52-week high of $37.05.

According to TipRanks.com, Wittmann is a 4-star analyst with an average return of 7.3% and a 72.4% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Mistras Group Inc.

Currently, the analyst consensus on Mobile Mini is Moderate Buy and the average price target is $36, representing a 2.9% upside.

In a report issued on October 2, KeyBanc also reiterated a Hold rating on the stock.

Based on Mobile Mini’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $127 million and quarterly net profit of $8.78 million. In comparison, last year the company earned revenue of $129 million and had a net profit of $12.71 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Mark Funk, the EVP & CFO of MINI sold 41,020 shares for a total of $1,304,876.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mobile Mini, Inc. engages in the provision of portable storage solutions. It operates through the following business sectors: Commercial Storage, Construction Storage, Mobile Offices, and Residential Storage.