Zacks Upgrades Textainer Group Holdings to Neutral (TGH)
Textainer Group Holdings (NYSE:TGH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a $38.10 target price on the stock. Zacks‘ price target points to a potential upside of 2.47% from the stock’s previous close.
Textainer Group Holdings (NYSE:TGH) traded down 0.54% on Tuesday, hitting $36.98. The stock had a trading volume of 68,928 shares. Textainer Group Holdings has a 52-week low of $27.12 and a 52-week high of $43.96. The stock has a 50-day moving average of $36.70 and a 200-day moving average of $37.30. The company has a market cap of $2.083 billion and a P/E ratio of 9.90.
Textainer Group Holdings (NYSE:TGH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.95 by $0.15. The company had revenue of $130.10 million for the quarter, compared to the consensus estimate of $135.92 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis.
TGH has been the subject of a number of other recent research reports. Analysts at RBC Capital initiated coverage on shares of Textainer Group Holdings in a research note to investors on Wednesday, September 4th. They set a “sector perform” rating and a $36.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Textainer Group Holdings from $40.00 to $36.00 in a research note to investors on Thursday, August 8th. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Textainer Group Holdings from $45.00 to $39.00 in a research note to investors on Thursday, August 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.79.
Textainer Group Holdings Limited (NYSE:TGH) is a holding company engaged in the purchase, management, leasing and resale of a fleet of marine cargo containers.
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