William Blair analyst Tim Mulrooney has maintained their bullish stance on WSC stock, giving a Buy rating on April 21.
Tim Mulrooney has given his Buy rating due to a combination of factors including the alignment of WillScot Mobile Mini Holdings’ performance with market expectations and the company’s own projections. Despite the prevailing economic uncertainties, the management’s decision to maintain its full-year outlook is supported by healthy inquiry levels for new orders and a growing net order book, which is a positive indicator for future activations and volume growth.
Furthermore, the company’s ongoing investments in enhancing its commercial and operational capabilities are expected to bolster growth and profitability, provided that market conditions remain stable. The emphasis on nonresidential construction activity as a critical factor for achieving the full-year outlook underscores the importance of supportive macroeconomic data in the near term. Overall, the potential for new activations in the second quarter and the company’s proactive internal strategies contribute to the positive Buy rating.
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, APi Group, and Cintas.
In another report released on April 21, Bank of America Securities also maintained a Buy rating on the stock with a $38.00 price target.