Zacks Downgrades Textainer Group Holdings to Underperform (TGH)
Textainer Group Holdings (NYSE:TGH) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday, American Banking & Market News reports. They currently have a $33.80 price objective on the stock. Zacks‘ target price would suggest a potential downside of 5.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Textainer Group Holdings from $34.00 to $35.00 in a research note on Thursday. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Textainer Group Holdings presently has a consensus rating of “Hold” and a consensus target price of $37.68.
Textainer Group Holdings (NYSE:TGH) traded up 1.80% during mid-day trading on Thursday, hitting $36.22. The stock had a trading volume of 113,448 shares. 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 $2.041 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 (EPS) for the quarter, missing the 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 previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Textainer Group Holdings will post $3.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 4th. Investors 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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