While WillScot Holdings Corp. has overperformed by 1.43%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WSC fell by -21.46%, with highs and lows ranging from $52.16 to $33.23, whereas the simple moving average fell by -18.51% in the last 200 days.
On April 01, 2024, Jefferies Downgraded WillScot Holdings Corp. (NASDAQ: WSC) to Hold. A report published by Morgan Stanley on January 08, 2024, Initiated its previous ‘Equal-Weight’ rating for WSC. Wells Fargo also rated WSC shares as ‘Overweight’, setting a target price of $52 on the company’s shares in an initiating report dated October 11, 2023. Deutsche Bank initiated its ‘Buy’ rating for WSC, as published in its report on March 30, 2022. Barclays’s report from March 02, 2022 suggests a price prediction of $50 for WSC shares, giving the stock a ‘Overweight’ rating. Robert W. Baird also rated the stock as ‘Outperform’.
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Analysis of WillScot Holdings Corp. (WSC)
Further, the quarter-over-quarter increase in sales is 3.87%, showing a positive trend in the upcoming months.
One of the most important indicators of WillScot Holdings Corp.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 14.18% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and WSC is recording 2.17M average volume. On a monthly basis, the volatility of the stock is set at 4.14%, whereas on a weekly basis, it is put at 5.64%, with a loss of -14.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $47.30, showing growth from the present price of $33.97, which can serve as yet another indication of whether WSC is worth investing in or should be passed over.
How Do You Analyze WillScot Holdings Corp. Shares?
The Rental & Leasing Services market is dominated by WillScot Holdings Corp. (WSC) based in the USA. When comparing WillScot Holdings Corp. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 35.82, there is a growth in quarterly earnings of -157.52%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WSC shares are owned by institutional investors to the tune of 102.06% at present.
