Textainer Group Holdings Given Average Recommendation of “Hold” by Brokerages (NYSE:TGH)
Textainer Group Holdings (NYSE:TGH) has earned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Analyst Ratings.Net reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.90.
Textainer Group Holdings (NYSE:TGH) traded up 1.31% during mid-day trading on Thursday, hitting $36.27. The stock had a trading volume of 17,721 shares. Textainer Group Holdings has a 1-year low of $33.53 and a 1-year high of $43.96. The stock’s 50-day moving average is $37.52 and its 200-day moving average is $37.12. The company has a market cap of $2.044 billion and a P/E ratio of 10.29.
TGH has been the subject of a number of recent research reports. Analysts at Bank of America Corp. downgraded shares of Textainer Group Holdings to an “underperform” rating in a research note to investors on Wednesday, January 15th. Finally, 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.
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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