Barclays Sticks to Their Hold Rating for WillScot Corporation (WSC)

By Austin Angelo

Barclays analyst Manav Patnaik maintained a Hold rating on WillScot Corporation (WSCResearch Report) yesterday and set a price target of $12. The company’s shares closed yesterday at $10.63.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 9.8% and a 65.7% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Thomson Reuters Corp, and Factset Research.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WillScot Corporation with a $18.33 average price target.

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Based on WillScot Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $33.52 million. In comparison, last year the company had a GAAP net loss of $123 million.

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Willscot Corp. is a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services, and commercial real estate. The company was founded on November 29, 2017 and is headquartered in Baltimore, MD.