General Finance (GFN) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of General Finance (NASDAQ:GFN) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “

A number of other equities research analysts also recently issued reports on the stock. DA Davidson reaffirmed a buy rating on shares of General Finance in a research note on Monday, February 11th. ValuEngine downgraded shares of General Finance from a buy rating to a hold rating in a research note on Friday, January 25th.

GFN stock opened at $8.78 on Tuesday. General Finance has a one year low of $7.75 and a one year high of $16.15. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $265.21 million, a PE ratio of 39.77, a P/E/G ratio of 2.27 and a beta of 1.45.

General Finance (NASDAQ:GFN) last released its earnings results on Monday, February 11th. The business services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. General Finance had a negative net margin of 3.85% and a positive return on equity of 8.03%. The firm had revenue of $97.99 million for the quarter, compared to the consensus estimate of $91.70 million. On average, equities research analysts predict that General Finance will post 0.35 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in GFN. Marshall Wace LLP purchased a new stake in General Finance in the first quarter valued at approximately $81,000. Charles Schwab Investment Management Inc. lifted its stake in General Finance by 28.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 151,288 shares of the business services provider’s stock valued at $1,412,000 after buying an additional 33,810 shares during the last quarter. Royce & Associates LP lifted its stake in General Finance by 14.3% in the first quarter. Royce & Associates LP now owns 48,025 shares of the business services provider’s stock valued at $448,000 after buying an additional 6,000 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in General Finance in the first quarter valued at approximately $654,000. Finally, Deutsche Bank AG lifted its stake in General Finance by 206.1% in the fourth quarter. Deutsche Bank AG now owns 93,173 shares of the business services provider’s stock valued at $940,000 after buying an additional 62,735 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors.

General Finance Company Profile

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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