William Blair analyst Tim Mulrooney has maintained their bullish stance on WSC stock, giving a Buy rating yesterday.
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Tim Mulrooney’s rating is based on the observation that despite a decline in nonresidential construction square-footage starts in March, the month-over-month increase from February was notably higher than the historical seasonal average. This suggests a potential recovery in the construction sector, which could positively impact WillScot Mobile Mini Holdings, a company that provides modular space and portable storage solutions.
Additionally, while the quarter-over-quarter figures show a decrease, the overall yearly projection indicates a less severe decline than previously estimated. This improved outlook, combined with the company’s strategic positioning in the market, supports the Buy rating as it suggests resilience and potential growth opportunities for WillScot Mobile Mini Holdings in the near future.
According to TipRanks, Mulrooney is a 4-star analyst with an average return of 6.5% and a 55.32% success rate. Mulrooney covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, Cintas, and APi Group.
In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $38.00 price target.