Textainer Group Holdings Given New $38.00 Price Target at Jefferies Group (TGH)
Equities research analysts at Jefferies Group boosted their price target on shares of Textainer Group Holdings (NYSE:TGH) from $34.00 to $38.00 in a research note issued to investors on Thursday, Analyst Ratings Net reports. Jefferies Group’s target price would suggest a potential upside of 6.80% from the stock’s previous close.
TGH has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Textainer Group Holdings from $38.00 to $42.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Bank of America downgraded shares of Textainer Group Holdings to an “underperform” rating in a research note on Wednesday, January 15th. Finally, analysts at Bank of America downgraded shares of Textainer Group Holdings to an “underperform” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Textainer Group Holdings currently has an average rating of “Hold” and a consensus target price of $38.20.
Shares of Textainer Group Holdings (NYSE:TGH) opened at 35.58 on Thursday. Textainer Group Holdings has a 52-week low of $33.53 and a 52-week high of $42.58. The stock’s 50-day moving average is $36.96 and its 200-day moving average is $37.14. The company has a market cap of $2.005 billion and a P/E ratio of 10.22.
Textainer Group Holdings (NYSE:TGH) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.04. The company had revenue of $137.50 million for the quarter, compared to the consensus estimate of $133.66 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that Textainer Group Holdings will post $3.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 4th. Stockholders of record on Friday, February 21st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Wednesday, February 19th.
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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