Textainer Group Holdings Limited (NYSE:TGH) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.00.
TGH has been the subject of a number of recent analyst reports. Compass Point set a $12.00 price objective on Textainer Group and gave the company a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Textainer Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Cowen set a $13.00 price objective on Textainer Group and gave the company a “buy” rating in a research note on Wednesday, August 7th.
Hedge funds have recently bought and sold shares of the company. Northern Trust Corp lifted its position in Textainer Group by 36.7% in the 2nd quarter. Northern Trust Corp now owns 297,415 shares of the transportation company’s stock valued at $2,998,000 after purchasing an additional 79,790 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Textainer Group by 25.1% during the 2nd quarter. Renaissance Technologies LLC now owns 262,500 shares of the transportation company’s stock worth $2,646,000 after buying an additional 52,750 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Textainer Group during the 2nd quarter worth about $105,000. Charles Schwab Investment Management Inc. raised its position in shares of Textainer Group by 6.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 305,066 shares of the transportation company’s stock worth $3,076,000 after buying an additional 18,274 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Textainer Group by 7.2% during the 2nd quarter. Prudential Financial Inc. now owns 241,614 shares of the transportation company’s stock worth $2,435,000 after buying an additional 16,167 shares in the last quarter. Institutional investors own 25.82% of the company’s stock.
NYSE:TGH traded down $0.08 during trading on Thursday, reaching $7.01. The company’s stock had a trading volume of 14,286 shares, compared to its average volume of 139,030. The company has a market capitalization of $410.41 million, a price-to-earnings ratio of 7.79 and a beta of 2.20. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50 day simple moving average of $9.44. Textainer Group has a 12 month low of $7.20 and a 12 month high of $15.62.
Textainer Group (NYSE:TGH) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.16). The business had revenue of $155.11 million during the quarter, compared to the consensus estimate of $159.60 million. Textainer Group had a net margin of 5.11% and a return on equity of 5.24%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Equities analysts forecast that Textainer Group will post 1.33 earnings per share for the current year.
Textainer Group Company Profile
Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.
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