Textainer Group Holdings Price Target Raised to $35.00 at Deutsche Bank (TGH)
Equities researchers at Deutsche Bank hoisted their target price on shares of Textainer Group Holdings (NYSE:TGH) from $34.00 to $35.00 in a research report issued on Thursday, American Banking and Market News reports. Deutsche Bank’s price objective would indicate a potential downside of 1.63% from the stock’s previous close.
TGH has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Textainer Group Holdings from $34.00 to $38.00 in a research note on Thursday. Separately, 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. Finally, analysts at Bank of America downgraded shares of Textainer Group Holdings to an “underperform” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.20.
Textainer Group Holdings (NYSE:TGH) opened at 35.58 on Thursday. Textainer Group Holdings has a one year low of $33.53 and a one year 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 price-to-earnings ratio of 10.22.
Textainer Group Holdings (NYSE:TGH) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.03 earnings per share. Textainer Group Holdings’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Textainer Group Holdings will post $3.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 4th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.28%. The ex-dividend date 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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