WillScot Corporation Gets a Buy Rating from Oppenheimer

In a report released today, Scott Schneeberger from Oppenheimer reiterated a Buy rating on WillScot Corporation (NASDAQ: WSC), with a price target of $15. The company’s shares closed yesterday at $11.80.

Schneeberger observed:

“We recently attended investor meetings with CEO the story continues to tell well. WSC grew organic revenue 12% y/ y in 1Q18, and we expect continued strong growth in coming quarters as the company garners incremental rate via its differentiated VAPS (furniture rental) offering in a favorable demand environment. Well positioned to derive synergies as the clear consolidator in its fragmented market, we infer recent acquisition integration is progressing well, allowing for incremental acquisitions via WSC’s active pipeline. Maintaining 2018E-2019E, we anticipate mid-single-digit organic revenue/low-double digit organic adjusted EBITDA growth over 2018-2019. With the stock price at an attractive level for one of the highest anticipated growth profiles in our Specialty Rental Services coverage, we reiterate our Outperform rating/$15 target.”

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 13.7% and a 70.6% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, Landstar System Inc, and General Finance.

WillScot Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.

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Willscot Corp. is a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services, and commercial real estate. The company was founded on November 29, 2017 and is headquartered in Baltimore, MD.