Oppenheimer Keeps Their Buy Rating on Mobile Mini (MINI)


In a report released today, Scott Schneeberger from Oppenheimer reiterated a Buy rating on Mobile Mini (MINI), with a price target of $47. The company’s shares closed yesterday at $40.49.

Schneeberger commented:

“We recently attended investor meetings with management following MINI’s strong 3Q18 operational/financial performance. Management is (appropriately) upbeat as business conditions appear strong for the foreseeable future across its segments. In the Storage segment, the demand environment remains hearty and this holiday’s seasonal activity has the potential to exceed last year’s strong performance. In the Tank & Pump segment there appears to be broad-based demand, MINI’s relatively recent five new MSA contract wins are ramping progressively, and new unit rental pricing has recently increased y/y. MINI appears comfortable with its 2018 guidance of double-digit revenue growth/60%+ adjusted EBITDA flow-through margin, and we’re maintaining our 4Q18E/2019E/2020E adjusted EBITDA.”

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 10.0% and a 63.5% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, General Finance, and XPO Logistics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mobile Mini with a $52 average price target.

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Based on Mobile Mini’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $52.17 million. In comparison, last year the company had a net profit of $11.23 million.

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Mobile Mini, Inc. engages in the provision of portable storage solutions. It operates through the Storage Solutions and Tank and Pump segments.

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