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Textainer Group Holdings (NYSE:TGH) was downgraded by equities researchers at Merrill Lynch to an “underperform” rating in a research report issued on Wednesday, AnalystRatings.NET reports.

A number of other analysts have also recently weighed in on TGH. Analysts at Bank of America Corp. downgraded shares of Textainer Group Holdings to an “underperform” rating in a research note to investors on Tuesday. Separately, analysts at Zacks upgraded shares of Textainer Group Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $39.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Textainer Group Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 7th. They now have a $33.80 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.90.

Textainer Group Holdings (NYSE:TGH) traded up 2.08% on Wednesday, hitting $36.84. 187,299 shares of the company’s stock traded hands. Textainer Group Holdings has a one year low of $33.53 and a one year high of $43.96. The stock’s 50-day moving average is $38.20 and its 200-day moving average is $37.04. The company has a market cap of $2.076 billion and a P/E ratio of 10.37.

Textainer Group Holdings (NYSE:TGH) last released its earnings data on Tuesday, November 5th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.17. The company had revenue of $132.60 million for the quarter, compared to the consensus estimate of $132.52 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Textainer Group Holdings will post $3.11 earnings per share for the current fiscal year.

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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