William Blair analyst Tim Mulrooney has maintained their neutral stance on WSC stock, giving a Hold rating on July 11.
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Tim Mulrooney’s rating is based on a combination of factors, including the mixed results for WillScot Mobile Mini Holdings in June. While there was an 11% year-over-year increase in nonresidential construction square-footage starts, the month-over-month figures showed a decline of 5%, which is below the historical seasonal average.
Furthermore, although the second quarter showed a 23% increase in starts compared to a weak first quarter, this was only slightly better than the historical seasonal average. The outlook for the remainder of the year suggests a potential decline in nonresidential starts by 8% compared to 2024, contrary to previous expectations of a 3% increase. These mixed indicators contribute to the Hold rating, as they suggest uncertainty in the company’s near-term growth prospects.
In another report released on July 11, Barclays also maintained a Hold rating on the stock with a $34.00 price target.
Based on the recent corporate insider activity of 52 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 WSC in relation to earlier this year.