Textainer Group Holdings Limited’s Hold Rating Reaffirmed at Jefferies Group (TGH)
Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a $38.00 price objective on the stock, up from their previous price objective of $34.00. Jefferies Group’s price objective points to a potential downside of 1.38% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Wednesday, April 23rd. They now have a $38.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Textainer Group Holdings Limited from an “underperform” rating to a “neutral” rating in a research note on Friday, March 14th. They now have a $36.80 price target on the stock. Finally, analysts at Zacks downgraded shares of Textainer Group Holdings Limited from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 13th. They now have a $33.80 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.31.
Textainer Group Holdings Limited (NYSE:TGH) opened at 38.53 on Wednesday. Textainer Group Holdings Limited has a 52 week low of $33.53 and a 52 week high of $41.07. The stock’s 50-day moving average is $38.82 and its 200-day moving average is $37.. The company has a market cap of $2.183 billion and a P/E ratio of 12.14.
Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.26. The company had revenue of $135.40 million for the quarter, compared to the consensus estimate of $137.62 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Textainer Group Holdings Limited will post $3.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Wednesday, May 14th.
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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