Oppenheimer Assigned a Buy Rating to Mobile Mini

By Carrie Williams

In a report released yesterday, Scott Schneeberger from Oppenheimer assigned a Buy rating to Mobile Mini (NASDAQ: MINI), with a price target of $34. The company’s shares closed yesterday at $30.90.

According to TipRanks.com, Schneeberger is a top 25 analyst with an average return of 12.5% and a 66.2% success rate. Schneeberger covers the Services sector, focusing on stocks such as New Oriental Education Tech, Capella Education Company, and Kansas City Southern.

Mobile Mini has an analyst consensus of Moderate Buy, with a price target consensus of $34.

The company has a one year high of $38.13 and a one year low of $23.40. Currently, Mobile Mini has an average volume of 204.5K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MINI in relation to earlier this year. Last month, Erik Olsson, the President & CEO of MINI bought 3,000 shares for a total of $75,480.

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. The Commercial Storage business secures storage containers for; new store openings, seasonal inventory, renovations, records storage, special events, and disaster response. The Construction Storage business offers storage containers for; tools & materials, remodeling, disaster response, high security offices, and storage/office combos. The Mobile Office business produces storage containers for; general contractors, jobsite offices, remodeling, storage combos, guard/in-plant offices, sales & recruitment, special events, government & schools administration, shortage of office space, healthcare, and disaster recovery. The Residential Storage business manufactures storage containers for remodeling, disaster recovery, de-cluttering and staging storage. The company was founded by Richard Richard Bunger in 1983 and is headquartered in Phoenix, AZ.