Barclays has recently reduced Willscot Holdings Corp (WSC) stock to Equal Weight rating, as announced on September 19, 2024, according to Finviz. Earlier, on April 1, 2024, Jefferies had reduced the stock from a Buy to Hold, setting a price target of $42 for WSC stock. Morgan Stanley also initiated their research coverage with a price target of $45. Additionally, Wells Fargo initiated Overweight rating on October 11, 2023, with a target price of $52. William Blair analysts, in their report published on February 8, 2023, also initiated Outperform rating for Willscot Holdings Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Willscot Holdings Corp (WSC) Stock Trading Recap
On Monday, Willscot Holdings Corp (WSC) stock saw a decline, ending the day at $37.6 which represents a decrease of $-0.97 or -2.51% from the prior close of $38.57. The stock opened at $38.32 and touched a low of $37.17 during the day, reaching a high of $38.44. The volume of shares traded was 2.89 million exceeding the average volume of 2.30 million.
WSC Stock Performance and Moving Averages
In recent trading, Willscot Holdings Corp (WSC) stock price has shown some volatility, fluctuating -7.05% over the last five trades and -1.08% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -14.84%, and it has gained 0.80% in the previous three months. Currently, WSC is trading at -2.73%, -1.65%, and -9.48% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WSC, a Industrials sector stock, is trading -27.91% below its 52-week high but remains 13.15% above its 52-week low. The Average True Range (ATR) (14 days) of 1.46 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Willscot Holdings Corp’s Profitability and Valuation Ratios
Willscot Holdings Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 25.82% and a profit margin of 7.77%, with a gross margin of -14.84%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Willscot Holdings Corp’s market capitalization stands at $7.09 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 39.65, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 16.85. Additionally, the Price-to-Sales Ratio is 2.94, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.9, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.71% of Willscot Holdings Corp (WSC)’s shares, while financial institutions hold 102.76%.
Notable insider trades include SAGANSKY JEFFREY, Director at Willscot Holdings Corp (WSC), who sold 75000 shares on Mar 08 ’24, at $47.5 each, totaling $3.56 million.
